Credit Suisse Group Reiterates “Outperform” Rating for Reckitt Benckiser Group Plc (RB)
Reckitt Benckiser Group Plc (LON:RB)‘s stock had its “outperform” rating reiterated by analysts at Credit Suisse Group in a report released on Friday. They currently have a GBX 7,700 ($101.24) target price on the stock. Credit Suisse Group’s price objective indicates a potential upside of 7.45% from the stock’s previous close.
RB has been the subject of a number of other research reports. Kepler Capital Markets cut their target price on shares of Reckitt Benckiser Group Plc from GBX 7,800 ($102.55) to GBX 7,300 ($95.98) and set a “hold” rating for the company in a research report on Monday. Investec cut their target price on shares of Reckitt Benckiser Group Plc from GBX 7,150 ($94.00) to GBX 6,400 ($84.14) and set a “sell” rating for the company in a research report on Friday, October 6th. Jefferies Group LLC lowered shares of Reckitt Benckiser Group Plc to a “hold” rating and boosted their target price for the stock from GBX 7,750 ($101.89) to GBX 8,400 ($110.44) in a research report on Thursday, July 6th. Liberum Capital reissued a “buy” rating and set a GBX 8,700 ($114.38) target price on shares of Reckitt Benckiser Group Plc in a research report on Wednesday, August 30th. Finally, BNP Paribas set a GBX 7,700 ($101.24) target price on shares of Reckitt Benckiser Group Plc and gave the stock a “neutral” rating in a research report on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the company. Reckitt Benckiser Group Plc presently has an average rating of “Hold” and an average price target of GBX 7,950.87 ($104.53).
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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).
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