Reckitt Benckiser Group (LON:RB)‘s stock had its “overweight” rating reiterated by research analysts at J P Morgan Chase & Co in a note issued to investors on Tuesday. They currently have a GBX 7,500 ($100.94) price objective on the stock. J P Morgan Chase & Co’s target price suggests a potential upside of 13.30% from the company’s current price.
RB has been the subject of several other research reports. Goldman Sachs Group cut their target price on Reckitt Benckiser Group from GBX 8,130 ($109.42) to GBX 7,920 ($106.59) and set a “neutral” rating for the company in a research note on Thursday, September 21st. Societe Generale set a GBX 7,800 ($104.98) price target on Reckitt Benckiser Group and gave the company a “neutral” rating in a report on Tuesday, September 5th. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 7,700 ($103.63) price target on shares of Reckitt Benckiser Group in a report on Friday, October 13th. Whitman Howard reaffirmed a “buy” rating and issued a GBX 9,000 ($121.13) price target on shares of Reckitt Benckiser Group in a report on Monday, October 16th. Finally, Kepler Capital Markets reaffirmed a “hold” rating and issued a GBX 7,300 ($98.25) price target on shares of Reckitt Benckiser Group in a report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. Reckitt Benckiser Group has an average rating of “Hold” and a consensus target price of GBX 7,762.27 ($104.47).
Shares of Reckitt Benckiser Group (LON:RB) traded up GBX 4.49 ($0.06) during midday trading on Tuesday, reaching GBX 6,619.49 ($89.09). The company’s stock had a trading volume of 1,690,000 shares, compared to its average volume of 1,600,000. Reckitt Benckiser Group has a fifty-two week low of GBX 6,299 ($84.78) and a fifty-two week high of GBX 8,110.43 ($109.16).
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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