Reckitt Benckiser Group (LON:RB) received a GBX 9,000 ($122.05) price objective from analysts at Morgan Stanley in a research note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 31.91% from the stock’s current price.
Several other equities analysts have also issued reports on RB. JPMorgan Chase & Co. raised Reckitt Benckiser Group to an “overweight” rating and raised their price objective for the stock from GBX 6,900 ($93.57) to GBX 7,500 ($101.71) in a report on Wednesday, November 22nd. Liberum Capital dropped their price objective on Reckitt Benckiser Group from GBX 8,700 ($117.98) to GBX 8,000 ($108.49) and set a “buy” rating on the stock in a report on Wednesday, October 25th. Royal Bank of Canada set a GBX 5,600 ($75.94) price objective on Reckitt Benckiser Group and gave the stock a “sell” rating in a report on Friday, October 20th. Jefferies Group dropped their price objective on Reckitt Benckiser Group from GBX 8,150 ($110.52) to GBX 7,500 ($101.71) and set a “hold” rating on the stock in a report on Friday, September 15th. Finally, Deutsche Bank reissued a “buy” rating and set a GBX 8,500 ($115.27) price target on shares of Reckitt Benckiser Group in a report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 7,664.55 ($103.94).
Shares of Reckitt Benckiser Group (LON RB) opened at GBX 6,823 ($92.53) on Tuesday. The stock has a market capitalization of $47,860.00 and a price-to-earnings ratio of 2,281.94. Reckitt Benckiser Group has a 52 week low of GBX 6,299 ($85.42) and a 52 week high of GBX 8,110.43 ($109.99).
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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