Reckitt Benckiser Group Plc (RB) Given Average Recommendation of “Hold” by Brokerages
Reckitt Benckiser Group Plc (LON:RB) has received an average recommendation of “Hold” from the twenty-three ratings firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 7,762.27 ($103.95).
A number of research analysts recently commented on RB shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 8,500 ($113.83) price objective on shares of Reckitt Benckiser Group in a report on Thursday, September 28th. Liberum Capital reiterated a “buy” rating and issued a GBX 8,700 ($116.51) price objective on shares of Reckitt Benckiser Group in a report on Monday, October 2nd. Citigroup set a GBX 8,900 ($119.19) price objective on Reckitt Benckiser Group and gave the company a “buy” rating in a report on Thursday, August 3rd. Morgan Stanley set a £100 ($133.92) price objective on Reckitt Benckiser Group and gave the company a “buy” rating in a report on Wednesday, October 11th. Finally, Deutsche Bank reiterated a “buy” rating and issued a GBX 8,500 ($113.83) price objective on shares of Reckitt Benckiser Group in a report on Thursday, October 12th.
Reckitt Benckiser Group (LON RB) traded down £6,422.22 ($8,600.80) during mid-day trading on Friday, hitting GBX 6,378 ($85.42). The stock had a trading volume of 1,618,514 shares, compared to its average volume of 1,660,000. Reckitt Benckiser Group has a 1-year low of GBX 6,324 ($84.69) and a 1-year high of GBX 8,110.43 ($108.62).
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About Reckitt Benckiser Group
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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