Reckitt Benckiser Group Plc (LON:RB) had its price target reduced by stock analysts at Jefferies Group LLC from GBX 7,500 ($99.65) to GBX 6,650 ($88.36) in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The brokerage presently has a “hold” rating on the stock. Jefferies Group LLC’s price objective would suggest a potential upside of 0.61% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on RB. Kepler Capital Markets reissued a “hold” rating and set a GBX 7,300 ($97.00) price target on shares of Reckitt Benckiser Group Plc in a research note on Wednesday. UBS AG set a GBX 7,250 ($96.33) price target on shares of Reckitt Benckiser Group Plc and gave the stock a “neutral” rating in a research note on Wednesday. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a GBX 7,920 ($105.24) price target on shares of Reckitt Benckiser Group Plc in a research note on Tuesday, October 17th. J P Morgan Chase & Co set a GBX 6,900 ($91.68) price target on shares of Reckitt Benckiser Group Plc and gave the stock a “neutral” rating in a research note on Thursday, September 28th. Finally, Credit Suisse Group reissued an “outperform” rating and set a GBX 7,700 ($102.31) price target on shares of Reckitt Benckiser Group Plc in a research note on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 7,800.91 ($103.65).

Reckitt Benckiser Group Plc (RB) traded down 2.65% on Thursday, reaching GBX 6610.00. 2,263,936 shares of the company’s stock traded hands. The firm’s market capitalization is GBX 46.50 billion. The firm’s 50 day moving average price is GBX 6,948.11 and its 200 day moving average price is GBX 7,401.60. Reckitt Benckiser Group Plc has a 52-week low of GBX 6,496.00 and a 52-week high of GBX 8,110.43.

COPYRIGHT VIOLATION NOTICE: “Reckitt Benckiser Group Plc (RB) Price Target Cut to GBX 6,650” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://www.americanbankingnews.com/2017/10/22/reckitt-benckiser-group-plc-rb-price-target-cut-to-gbx-6650.html.

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).

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.