Reckitt Benckiser Group (LON:RB) received a GBX 6,500 ($89.80) price objective from equities researchers at Societe Generale in a note issued to investors on Tuesday. The firm presently has a “neutral” rating on the stock. Societe Generale’s price objective indicates a potential upside of 10.13% from the stock’s previous close.
RB has been the subject of a number of other research reports. Berenberg Bank set a GBX 7,500 ($103.62) target price on shares of Reckitt Benckiser Group and gave the stock a “buy” rating in a research note on Tuesday. Liberum Capital restated a “buy” rating and set a GBX 8,000 ($110.53) target price on shares of Reckitt Benckiser Group in a research note on Monday, January 15th. Goldman Sachs Group cut their target price on shares of Reckitt Benckiser Group from GBX 7,000 ($96.71) to GBX 6,400 ($88.42) and set a “neutral” rating for the company in a research note on Monday. Kepler Capital Markets cut their target price on shares of Reckitt Benckiser Group from GBX 7,300 ($100.86) to GBX 7,000 ($96.71) and set a “hold” rating for the company in a research note on Monday, January 8th. Finally, Investec restated a “sell” rating and set a GBX 6,400 ($88.42) target price on shares of Reckitt Benckiser Group in a research note on Monday, January 29th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 7,310.87 ($101.01).
Shares of Reckitt Benckiser Group (LON RB) opened at GBX 5,902 ($81.54) on Tuesday. The company has a market cap of $42,760.00 and a price-to-earnings ratio of 1,973.91. Reckitt Benckiser Group has a 12 month low of GBX 6,075 ($83.93) and a 12 month high of GBX 8,110.43 ($112.05).
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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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