Reckitt Benckiser Group Plc (RB) PT Lowered to GBX 7,500
Reckitt Benckiser Group Plc (LON:RB) had its target price decreased by equities research analysts at Jefferies Group LLC from GBX 8,150 ($105.26) to GBX 7,500 ($96.86) in a research report issued to clients and investors on Friday. The brokerage currently has a “hold” rating on the stock. Jefferies Group LLC’s price target would indicate a potential upside of 10.70% from the company’s current price.
A number of other analysts have also recently commented on the company. J P Morgan Chase & Co cut their target price on Reckitt Benckiser Group Plc from GBX 7,200 ($92.99) to GBX 6,900 ($89.11) and set a “neutral” rating on the stock in a research report on Friday. BNP Paribas set a GBX 7,700 ($99.44) target price on Reckitt Benckiser Group Plc and gave the stock a “neutral” rating in a research report on Tuesday, September 5th. Societe Generale set a GBX 7,800 ($100.74) target price on Reckitt Benckiser Group Plc and gave the stock a “neutral” rating in a research report on Tuesday, September 5th. Liberum Capital reiterated a “buy” rating and set a GBX 8,700 ($112.36) target price on shares of Reckitt Benckiser Group Plc in a research report on Wednesday, August 30th. Finally, Citigroup Inc. set a GBX 8,900 ($114.94) price target on Reckitt Benckiser Group Plc and gave the company a “buy” rating in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have issued a buy rating to the stock. Reckitt Benckiser Group Plc has an average rating of “Hold” and an average price target of GBX 8,026.30 ($103.66).
Shares of Reckitt Benckiser Group Plc (LON:RB) traded down 2.34% on Friday, reaching GBX 6775.00. The company had a trading volume of 2,643,170 shares. The company has a 50 day moving average of GBX 7,291.89 and a 200-day moving average of GBX 7,483.10. The company’s market capitalization is GBX 47.66 billion. Reckitt Benckiser Group Plc has a 52 week low of GBX 6,496.00 and a 52 week high of GBX 8,110.43.
Reckitt Benckiser Group Plc Company Profile
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).
Receive News & Ratings for Reckitt Benckiser Group Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reckitt Benckiser Group Plc and related companies with MarketBeat.com's FREE daily email newsletter.