Morgan Stanley Reaffirms “Overweight” Rating for Reckitt Benckiser Group Plc (RB)
Morgan Stanley reissued their overweight rating on shares of Reckitt Benckiser Group Plc (LON:RB) in a research report released on Thursday morning, Marketbeat reports. Morgan Stanley currently has a £100 ($134.83) price target on the stock.
A number of other brokerages have also commented on RB. J P Morgan Chase & Co reiterated a neutral rating and issued a GBX 7,250 ($97.75) price objective on shares of Reckitt Benckiser Group Plc in a research report on Monday, June 5th. Citigroup Inc. reiterated a buy rating and issued a GBX 9,100 ($122.69) price objective on shares of Reckitt Benckiser Group Plc in a research report on Tuesday, June 6th. Independent Research GmbH set a GBX 8,500 ($114.60) price objective on Reckitt Benckiser Group Plc and gave the stock a neutral rating in a research report on Thursday, July 20th. Beaufort Securities upgraded Reckitt Benckiser Group Plc to a hold rating and set a GBX 8,000 ($107.86) price objective for the company in a research report on Thursday, July 20th. Finally, S&P Global set a GBX 8,000 ($107.86) price objective on Reckitt Benckiser Group Plc and gave the stock a neutral rating in a research report on Thursday, July 20th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of GBX 8,086.74 ($109.03).
Reckitt Benckiser Group Plc (LON:RB) opened at 6807.00 on Thursday. The stock’s 50 day moving average is GBX 7,260.05 and its 200 day moving average is GBX 7,478.09. The company’s market cap is GBX 47.88 billion. Reckitt Benckiser Group Plc has a 52-week low of GBX 6,496.00 and a 52-week high of GBX 8,110.43.
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The company also recently announced a dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 17th will be paid a GBX 66.60 ($0.90) dividend. This represents a yield of 0.87%. The ex-dividend date of this dividend is Thursday, August 17th.
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 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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