Reckitt Benckiser Group Plc (RB) Stock Price Up 0%
Reckitt Benckiser Group Plc (LON:RB)’s share price rose 0% during mid-day trading on Wednesday . The company traded as high as GBX 6,492 ($85.39) and last traded at GBX 6,492 ($85.39). Approximately 2,041,498 shares changed hands during mid-day trading, an increase of 21% from the average daily volume of 1,690,000 shares. The stock had previously closed at GBX 6,492 ($85.39).
A number of brokerages have recently weighed in on RB. Citigroup Inc. set a GBX 8,900 ($117.06) target price on shares of Reckitt Benckiser Group Plc and gave the company a “buy” rating in a research note on Thursday, August 3rd. Macquarie reaffirmed a “buy” rating and set a GBX 9,000 ($118.37) target price on shares of Reckitt Benckiser Group Plc in a research note on Wednesday, August 2nd. Liberum Capital lifted their target price on shares of Reckitt Benckiser Group Plc from GBX 8,150 ($107.19) to GBX 8,700 ($114.43) and gave the company a “buy” rating in a research note on Friday, July 28th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 8,500 ($111.80) target price on shares of Reckitt Benckiser Group Plc in a research note on Thursday, September 28th. Finally, Morgan Stanley set a £100 ($131.53) target price on shares of Reckitt Benckiser Group Plc and gave the company a “buy” rating in a research note on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 7,785 ($102.39).
In related news, insider Christopher Sinclair acquired 2,800 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was purchased at an average cost of GBX 6,597 ($86.77) per share, with a total value of £184,716 ($242,951.47). Also, insider Adrian Nevil Hennah acquired 2,285 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were bought at an average cost of GBX 6,567 ($86.37) per share, with a total value of £150,055.95 ($197,364.13).
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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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