J P Morgan Chase & Co Reaffirms “Overweight” Rating for Reckitt Benckiser Group (RB)

J P Morgan Chase & Co reissued their overweight rating on shares of Reckitt Benckiser Group (LON:RB) in a report issued on Tuesday. J P Morgan Chase & Co currently has a GBX 7,500 ($100.94) price target on the stock.

A number of other equities research analysts also recently weighed in on RB. Liberum Capital restated a buy rating and issued a GBX 8,700 ($117.09) price target on shares of Reckitt Benckiser Group in a research note on Wednesday, August 30th. Societe Generale set a GBX 7,800 ($104.98) target price on shares of Reckitt Benckiser Group and gave the stock a neutral rating in a research report on Tuesday, September 5th. BNP Paribas set a GBX 7,700 ($103.63) target price on shares of Reckitt Benckiser Group and gave the stock a neutral rating in a research report on Tuesday, September 5th. Jefferies Group cut their target price on shares of Reckitt Benckiser Group from GBX 8,150 ($109.69) to GBX 7,500 ($100.94) and set a hold rating on the stock in a research report on Friday, September 15th. Finally, Goldman Sachs Group cut their target price on shares of Reckitt Benckiser Group from GBX 8,130 ($109.42) to GBX 7,920 ($106.59) and set a neutral rating on the stock in a research report on Thursday, September 21st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the stock. The company has an average rating of Hold and an average price target of GBX 7,723.64 ($103.95).

Shares of Reckitt Benckiser Group (RB) opened at GBX 6,731 ($90.59) on Tuesday. Reckitt Benckiser Group has a one year low of GBX 6,299 ($84.78) and a one year high of GBX 8,110.43 ($109.16).

In related news, insider Adrian Nevil Hennah purchased 2,285 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were bought at an average cost of GBX 6,567 ($88.38) per share, with a total value of £150,055.95 ($201,959.56). Also, insider Christopher Sinclair purchased 2,800 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was bought at an average cost of GBX 6,597 ($88.79) per share, for a total transaction of £184,716 ($248,608.34).

COPYRIGHT VIOLATION NOTICE: This news story was first published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://www.com-unik.info/2017/12/16/j-p-morgan-chase-co-reaffirms-overweight-rating-for-reckitt-benckiser-group-rb.html.

About Reckitt Benckiser Group

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).

Analyst Recommendations for Reckitt Benckiser Group (LON:RB)

What are top analysts saying about Reckitt Benckiser Group? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Reckitt Benckiser Group and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit