Kepler Capital Markets Cuts Reckitt Benckiser Group Plc (RB) Price Target to GBX 7,300

Reckitt Benckiser Group Plc (LON:RB) had its target price cut by Kepler Capital Markets from GBX 7,800 ($103.64) to GBX 7,300 ($97.00) in a research report report published on Monday, October 9th. They currently have a hold rating on the stock.

A number of other research firms have also recently commented on RB. J P Morgan Chase & Co set a GBX 6,900 ($91.68) price target on shares of Reckitt Benckiser Group Plc and gave the stock a neutral rating in a report on Thursday, September 28th. Jefferies Group LLC lowered their price objective on shares of Reckitt Benckiser Group Plc from GBX 8,200 ($108.96) to GBX 8,150 ($108.29) and set a hold rating for the company in a research note on Tuesday, July 25th. Royal Bank Of Canada set a GBX 6,400 ($85.04) price objective on shares of Reckitt Benckiser Group Plc and gave the stock a sell rating in a research note on Thursday, June 15th. Liberum Capital reissued a buy rating and set a GBX 8,150 ($108.29) price target on shares of Reckitt Benckiser Group Plc in a research report on Wednesday, July 19th. Finally, Macquarie reissued a buy rating and set a GBX 9,000 ($119.59) price target on shares of Reckitt Benckiser Group Plc in a research report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of GBX 7,800.91 ($103.65).

Reckitt Benckiser Group Plc (RB) opened at 6610.00 on Monday. The firm’s market cap is GBX 46.50 billion. The stock’s 50 day moving average is GBX 6,948.11 and its 200-day moving average is GBX 7,401.60. Reckitt Benckiser Group Plc has a one year low of GBX 6,496.00 and a one year high of GBX 8,110.43.

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The business also recently declared a dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, August 17th were issued a dividend of GBX 66.60 ($0.88) per share. The ex-dividend date was Thursday, August 17th. This represents a dividend yield of 0.87%.

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 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 Plc (LON:RB)

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