J P Morgan Chase & Co Reiterates Overweight Rating for Reckitt Benckiser Group (RB)
Reckitt Benckiser Group (LON:RB)‘s stock had its “overweight” rating restated by analysts at J P Morgan Chase & Co in a research report issued to clients and investors on Tuesday. They currently have a GBX 7,500 ($100.94) price target on the stock. J P Morgan Chase & Co’s price target would suggest a potential upside of 12.78% from the company’s current price.
Several other research analysts have also commented on the company. Liberum Capital dropped their price target on Reckitt Benckiser Group from GBX 8,700 ($117.09) to GBX 8,000 ($107.67) and set a “buy” rating for the company in a research report on Wednesday, October 25th. Royal Bank Of Canada set a GBX 5,600 ($75.37) price target on Reckitt Benckiser Group and gave the stock a “sell” rating in a research report on Friday, October 20th. Jefferies Group dropped their price target on Reckitt Benckiser Group from GBX 8,150 ($109.69) to GBX 7,500 ($100.94) and set a “hold” rating for the company in a research report on Friday, September 15th. Morgan Stanley set a £100 ($134.59) price target on Reckitt Benckiser Group and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Finally, Societe Generale set a GBX 7,800 ($104.98) price target on Reckitt Benckiser Group and gave the stock a “neutral” rating in a research report on Tuesday, September 5th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company’s stock. Reckitt Benckiser Group currently has an average rating of “Hold” and an average price target of GBX 7,762.27 ($104.47).
Shares of Reckitt Benckiser Group (RB) opened at GBX 6,650 ($89.50) on Tuesday. Reckitt Benckiser Group has a 12-month low of GBX 6,299 ($84.78) and a 12-month high of GBX 8,110.43 ($109.16).
In related news, insider Adrian Nevil Hennah purchased 2,285 shares of Reckitt Benckiser Group stock in a transaction that occurred on Wednesday, November 8th. The stock was purchased at an average price of GBX 6,567 ($88.38) per share, for a total transaction of £150,055.95 ($201,959.56). Also, insider Christopher Sinclair purchased 2,800 shares of Reckitt Benckiser Group stock in a transaction that occurred on Wednesday, November 1st. The shares were bought at an average price of GBX 6,597 ($88.79) per share, with a total value of £184,716 ($248,608.34).
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Reckitt Benckiser Group 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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