Reckitt Benckiser Group Plc (LON:RB) received a GBX 8,000 ($104.18) price objective from stock analysts at S&P Global in a note issued to investors on Thursday, July 20th. The firm presently has a “neutral” rating on the stock. S&P Global’s price objective would indicate a potential upside of 7.82% from the stock’s current price.
A number of other analysts also recently issued reports on the company. Beaufort Securities raised Reckitt Benckiser Group Plc to a “hold” rating and set a GBX 8,000 ($104.18) target price for the company in a research report on Thursday, July 20th. Liberum Capital reissued a “buy” rating and issued a GBX 8,150 ($106.13) target price on shares of Reckitt Benckiser Group Plc in a research report on Wednesday, July 19th. Shore Capital reissued a “hold” rating on shares of Reckitt Benckiser Group Plc in a research report on Wednesday, July 19th. Whitman Howard reissued a “buy” rating and issued a GBX 9,000 ($117.20) target price on shares of Reckitt Benckiser Group Plc in a research report on Wednesday, July 19th. Finally, Kepler Capital Markets reissued a “buy” rating and issued a GBX 8,100 ($105.48) target price on shares of Reckitt Benckiser Group Plc in a research report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 8,129.38 ($105.87).
Shares of Reckitt Benckiser Group Plc (LON RB) traded down 0.88% on Thursday, reaching GBX 7420.00. The company’s stock had a trading volume of 787,598 shares. Reckitt Benckiser Group Plc has a 52-week low of GBX 6,496.00 and a 52-week high of GBX 8,110.43. The stock’s market cap is GBX 52.20 billion. The firm’s 50 day moving average is GBX 7,690.09 and its 200-day moving average is GBX 7,442.07.
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In other news, insider Adrian Bellamy purchased 554 shares of the company’s stock in a transaction on Friday, May 19th. The stock was purchased at an average price of GBX 7,607 ($99.06) per share, with a total value of £42,142.78 ($54,880.56).
About Reckitt Benckiser Group Plc
Reckitt Benckiser Group plc is a manufacturer and marketer of health, hygiene and home products. The Company’s segments include ENA, DvM and Food. 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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