Reckitt Benckiser Group (RB) Given a GBX 7,900 Price Target at Berenberg Bank

Reckitt Benckiser Group (LON:RB) received a GBX 7,900 ($107.13) price target from analysts at Berenberg Bank in a report issued on Friday. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 14.28% from the company’s previous close.

RB has been the subject of a number of other research reports. Goldman Sachs Group decreased their target price on shares of Reckitt Benckiser Group from GBX 8,130 ($110.25) to GBX 7,920 ($107.40) and set a “neutral” rating for the company in a research report on Thursday, September 21st. Liberum Capital reissued a “buy” rating and set a GBX 8,000 ($108.49) target price on shares of Reckitt Benckiser Group in a research report on Monday, January 15th. Credit Suisse Group reissued an “outperform” rating and set a GBX 7,700 ($104.42) target price on shares of Reckitt Benckiser Group in a research report on Friday, October 13th. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 6,900 ($93.57) target price on shares of Reckitt Benckiser Group in a research report on Wednesday, October 18th. Finally, Whitman Howard reaffirmed a “buy” rating and set a GBX 9,000 ($122.05) price objective on shares of Reckitt Benckiser Group in a research report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 7,614.55 ($103.26).

Shares of Reckitt Benckiser Group (RB) opened at GBX 6,913 ($93.75) on Friday. The firm has a market cap of $48,650.00 and a P/E ratio of 2,312.04. 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).

In related news, insider Adrian Nevil Hennah acquired 2,285 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were acquired at an average cost of GBX 6,567 ($89.06) per share, for a total transaction of £150,055.95 ($203,493.29). Also, insider Christopher Sinclair acquired 2,800 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were bought at an average price of GBX 6,597 ($89.46) per share, for a total transaction of £184,716 ($250,496.34).

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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).

Analyst Recommendations for Reckitt Benckiser Group (LON:RB)

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