Jefferies Group Reiterates “Buy” Rating for Reckitt Benckiser Group Plc (RB)
Reckitt Benckiser Group Plc (LON:RB)‘s stock had its “buy” rating restated by equities researchers at Jefferies Group in a research report issued on Monday. They currently have a GBX 8,300 ($108.34) price target on the stock. Jefferies Group’s price target would indicate a potential upside of 14.17% from the company’s current price.
Other analysts have also recently issued reports about the stock. Societe Generale reiterated a ” buy” rating on shares of Reckitt Benckiser Group Plc in a research note on Monday, August 1st. Kepler Capital Markets increased their target price on shares of Reckitt Benckiser Group Plc from GBX 7,425 ($96.92) to GBX 8,500 ($110.95) and gave the stock a “buy” rating in a research note on Tuesday, July 5th. Liberum Capital reissued a “buy” rating and issued a GBX 8,000 ($104.43) price target on shares of Reckitt Benckiser Group Plc in a report on Tuesday, July 5th. HSBC reissued a “buy” rating and issued a GBX 8,100 ($105.73) price target on shares of Reckitt Benckiser Group Plc in a report on Thursday, June 30th. Finally, Credit Suisse Group AG set a GBX 7,950 ($103.77) price target on shares of Reckitt Benckiser Group Plc and gave the stock a “buy” rating in a report on Monday, July 18th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the company’s stock. Reckitt Benckiser Group Plc currently has a consensus rating of “Hold” and an average price target of GBX 7,637 ($99.69).
Reckitt Benckiser Group Plc (LON:RB) opened at 7275.00 on Monday. The company has a 50-day moving average of GBX 7,294.78 and a 200 day moving average of GBX 7,092.07. Reckitt Benckiser Group Plc has a 12-month low of GBX 5,839.08 and a 12-month high of GBX 7,786.00. The firm’s market cap is GBX 51.29 billion.
Reckitt Benckiser Group Plc Company Profile
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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