Reckitt Benckiser Group (LON:RB) has been given a GBX 7,000 ($96.71) target price by research analysts at UBS Group in a report released on Monday, www.boersen-zeitung.de reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target would indicate a potential upside of 14.14% from the stock’s previous close.
A number of other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Reckitt Benckiser Group to an “overweight” rating and increased their price target for the stock from GBX 6,900 ($95.33) to GBX 7,500 ($103.62) in a report on Wednesday, November 22nd. Liberum Capital lowered their price target on shares of Reckitt Benckiser Group from GBX 8,700 ($120.20) to GBX 8,000 ($110.53) and set a “buy” rating on the stock in a report on Wednesday, October 25th. Deutsche Bank reissued a “buy” rating and issued a GBX 8,250 ($113.98) price target on shares of Reckitt Benckiser Group in a report on Tuesday, January 23rd. Investec reissued a “sell” rating and issued a GBX 6,400 ($88.42) price target on shares of Reckitt Benckiser Group in a report on Monday, January 29th. Finally, Barclays reissued an “equal weight” rating and issued a GBX 6,600 ($91.19) price target (down from GBX 7,100 ($98.09)) on shares of Reckitt Benckiser Group in a report on Monday, November 27th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 7,582.61 ($104.76).
Shares of Reckitt Benckiser Group (LON:RB) traded down GBX 435 ($6.01) during trading on Monday, hitting GBX 6,133 ($84.73). 1,829,560 shares of the stock were exchanged, compared to its average volume of 1,170,000. Reckitt Benckiser Group has a 52-week low of GBX 6,115 ($84.48) and a 52-week high of GBX 8,110.43 ($112.05). The stock has a market capitalization of $43,160.00 and a P/E ratio of 2,051.17.
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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