Reckitt Benckiser Group Plc (RB) PT Lowered to GBX 7,300

Reckitt Benckiser Group Plc (LON:RB) had its price objective dropped by equities researchers at Kepler Capital Markets from GBX 7,800 ($102.55) to GBX 7,300 ($95.98) in a research note issued on Monday. The firm presently has a “hold” rating on the stock. Kepler Capital Markets’ target price suggests a potential upside of 2.96% from the stock’s current price.

RB has been the topic of several other research reports. J P Morgan Chase & Co raised their price objective on Reckitt Benckiser Group Plc from GBX 7,250 ($95.32) to GBX 7,300 ($95.98) and gave the stock a “neutral” rating in a report on Tuesday, June 20th. Goldman Sachs Group, Inc. (The) dropped their price objective on Reckitt Benckiser Group Plc from GBX 8,130 ($106.89) to GBX 7,920 ($104.13) and set a “neutral” rating on the stock in a report on Thursday, September 21st. Societe Generale set a GBX 7,800 ($102.55) price objective on Reckitt Benckiser Group Plc and gave the stock a “neutral” rating in a report on Tuesday, September 5th. Jefferies Group LLC dropped their price objective on Reckitt Benckiser Group Plc from GBX 8,200 ($107.81) to GBX 8,150 ($107.15) and set a “hold” rating on the stock in a report on Tuesday, July 25th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 8,500 ($111.75) price objective on shares of Reckitt Benckiser Group Plc in a report on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have issued a buy rating to the company’s stock. Reckitt Benckiser Group Plc presently has an average rating of “Hold” and an average target price of GBX 7,950.87 ($104.53).

Shares of Reckitt Benckiser Group Plc (LON:RB) opened at 7090.00 on Monday. The firm’s 50-day moving average price is GBX 7,023.33 and its 200-day moving average price is GBX 7,423.65. The firm’s market cap is GBX 49.88 billion. Reckitt Benckiser Group Plc has a 12 month low of GBX 6,496.00 and a 12 month high of GBX 8,110.43.

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About Reckitt Benckiser Group Plc

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 Plc (LON:RB)

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