Reckitt Benckiser Group Plc (RB) Price Target Lowered to GBX 7,500 at Jefferies Group LLC
Reckitt Benckiser Group Plc (LON:RB) had its price target trimmed by Jefferies Group LLC from GBX 8,150 ($109.88) to GBX 7,500 ($101.12) in a research note released on Friday morning. The firm currently has a hold rating on the stock.
Several other research analysts also recently commented on the stock. J P Morgan Chase & Co cut their price target on shares of Reckitt Benckiser Group Plc from GBX 7,200 ($97.07) to GBX 6,900 ($93.03) and set a neutral rating for the company in a report on Friday. BNP Paribas set a GBX 7,700 ($103.82) price objective on shares of Reckitt Benckiser Group Plc and gave the stock a neutral rating in a report on Tuesday, September 5th. Societe Generale set a GBX 7,800 ($105.16) price objective on shares of Reckitt Benckiser Group Plc and gave the stock a neutral rating in a report on Tuesday, September 5th. Liberum Capital reaffirmed a buy rating and set a GBX 8,700 ($117.30) price objective on shares of Reckitt Benckiser Group Plc in a report on Wednesday, August 30th. Finally, Citigroup Inc. set a GBX 8,900 ($119.99) price objective on shares of Reckitt Benckiser Group Plc and gave the stock a buy rating in a report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of GBX 8,026.30 ($108.21).
Reckitt Benckiser Group Plc (LON:RB) opened at 6829.00 on Friday. The firm’s market capitalization is GBX 48.04 billion. The stock’s 50 day moving average is GBX 7,272.83 and its 200 day moving average is GBX 7,481.95. Reckitt Benckiser Group Plc has a one year low of GBX 6,496.00 and a one year high of GBX 8,110.43.
The company also recently disclosed a dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 17th will be given a GBX 66.60 ($0.90) dividend. This represents a dividend yield of 0.87%. The ex-dividend date is Thursday, August 17th.
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).
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