Reckitt Benckiser Group Plc (RB) Given Average Recommendation of “Hold” by Brokerages
Reckitt Benckiser Group Plc (LON:RB) has been assigned a consensus recommendation of “Hold” from the twenty-three ratings firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 7,723.64 ($103.27).
RB has been the subject of several recent analyst reports. Liberum Capital reaffirmed a “buy” rating and set a GBX 8,700 ($116.33) price objective on shares of Reckitt Benckiser Group in a report on Wednesday, August 30th. Societe Generale set a GBX 7,800 ($104.29) price objective on shares of Reckitt Benckiser Group and gave the stock a “neutral” rating in a report on Tuesday, September 5th. BNP Paribas set a GBX 7,700 ($102.95) price objective on shares of Reckitt Benckiser Group and gave the stock a “neutral” rating in a report on Tuesday, September 5th. JPMorgan Chase & Co. decreased their price objective on shares of Reckitt Benckiser Group from GBX 7,200 ($96.27) to GBX 6,900 ($92.26) and set a “neutral” rating for the company in a report on Friday, September 15th. Finally, Jefferies Group decreased their price objective on shares of Reckitt Benckiser Group from GBX 8,150 ($108.97) to GBX 7,500 ($100.28) and set a “hold” rating for the company in a report on Friday, September 15th.
Shares of Reckitt Benckiser Group (LON:RB) remained flat at $GBX 6,833 ($91.36) on Tuesday. Reckitt Benckiser Group has a 12 month low of GBX 6,299 ($84.22) and a 12 month high of GBX 8,110.43 ($108.44). The firm has a market cap of $48,010.00 and a PE ratio of 2,285.28.
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Reckitt Benckiser Group 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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