Reckitt Benckiser Group Plc (LON:RB) had its price target cut by analysts at Goldman Sachs Group, Inc. (The) from GBX 8,130 ($109.61) to GBX 7,920 ($106.78) in a report issued on Thursday, MarketBeat Ratings reports. The brokerage presently has a “neutral” rating on the stock. Goldman Sachs Group, Inc. (The)’s price target would indicate a potential upside of 16.35% from the stock’s previous close.

A number of other equities research analysts have also commented on RB. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 7,300 ($98.42) target price on shares of Reckitt Benckiser Group Plc in a research report on Friday, July 7th. Jefferies Group LLC dropped their target price on Reckitt Benckiser Group Plc from GBX 8,200 ($110.56) to GBX 8,150 ($109.88) and set a “hold” rating on the stock in a research report on Tuesday, July 25th. Royal Bank Of Canada set a GBX 6,400 ($86.29) target price on Reckitt Benckiser Group Plc and gave the company a “sell” rating in a research report on Thursday, June 15th. Liberum Capital reiterated a “buy” rating and issued a GBX 8,150 ($109.88) target price on shares of Reckitt Benckiser Group Plc in a research report on Wednesday, July 19th. Finally, Macquarie reiterated a “buy” rating and issued a GBX 9,000 ($121.34) target price on shares of Reckitt Benckiser Group Plc in a research report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the stock. Reckitt Benckiser Group Plc currently has an average rating of “Hold” and a consensus price target of GBX 8,086.74 ($109.03).

Reckitt Benckiser Group Plc (RB) traded up 1.54% during trading on Thursday, hitting GBX 6807.00. 1,298,157 shares of the company were exchanged. The stock’s market capitalization is GBX 47.88 billion. The firm’s 50 day moving average price is GBX 7,260.05 and its 200-day moving average price is GBX 7,478.09. Reckitt Benckiser Group Plc has a 1-year low of GBX 6,496.00 and a 1-year high of GBX 8,110.43.

ILLEGAL ACTIVITY WARNING: This piece of content was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another website, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/09/23/goldman-sachs-group-inc-the-lowers-reckitt-benckiser-group-plc-rb-price-target-to-gbx-7920.html.

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).

Analyst Recommendations for Reckitt Benckiser Group Plc (LON:RB)

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.