J P Morgan Chase & Co Cuts Reckitt Benckiser Group Plc (RB) Price Target to GBX 6,900
Reckitt Benckiser Group Plc (LON:RB) had its price target reduced by equities researchers at J P Morgan Chase & Co from GBX 7,200 ($92.99) to GBX 6,900 ($89.11) in a report issued on Friday, MarketBeat.com reports. The firm currently has a “neutral” rating on the stock. J P Morgan Chase & Co’s price objective would indicate a potential upside of 1.85% from the stock’s current price.
A number of other analysts have also weighed in on the company. Jefferies Group LLC dropped their price objective on Reckitt Benckiser Group Plc from GBX 8,200 ($105.90) to GBX 8,150 ($105.26) and set a “hold” rating for the company in a research note on Tuesday, July 25th. Royal Bank Of Canada set a GBX 6,400 ($82.66) price objective on Reckitt Benckiser Group Plc and gave the company a “sell” rating in a research note on Thursday, June 15th. Liberum Capital reissued a “buy” rating and set a GBX 8,150 ($105.26) price objective on shares of Reckitt Benckiser Group Plc in a research note on Wednesday, July 19th. Macquarie reissued a “buy” rating and set a GBX 9,000 ($116.23) price objective on shares of Reckitt Benckiser Group Plc in a research note on Wednesday, August 2nd. Finally, Kepler Capital Markets reissued a “buy” rating and set a GBX 8,100 ($104.61) price objective on shares of Reckitt Benckiser Group Plc in a research note on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the company. Reckitt Benckiser Group Plc has an average rating of “Hold” and an average price target of GBX 8,026.30 ($103.66).
Reckitt Benckiser Group Plc (LON:RB) traded down 2.34% during midday trading on Friday, reaching GBX 6775.00. 2,643,170 shares of the company traded hands. The stock’s 50 day moving average is GBX 7,291.89 and its 200 day moving average is GBX 7,483.10. The company’s market capitalization is GBX 47.66 billion. Reckitt Benckiser Group Plc has a one year low of GBX 6,496.00 and a one year high of GBX 8,110.43.
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About Reckitt Benckiser Group Plc
Reckitt Benckiser Group plc is a manufacturer and marketer of health, hygiene and home products. The Company’s segments include ENA and DvM. The ENA segment consists of Europe, Russia/Commonwealth of Independent States (CIS), Israel, North America, Australia and New Zealand. The DvM segment consists of North Africa, Middle East (excluding Israel) and Turkey, Africa, South Asia, North Asia, Latin America, Japan, Korea and the Association of Southeast Asian Nations (ASEAN).
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