Reckitt Benckiser Group (RB) Earns Overweight Rating from J P Morgan Chase & Co

J P Morgan Chase & Co reaffirmed their overweight rating on shares of Reckitt Benckiser Group (LON:RB) in a research note released on Tuesday morning. They currently have a GBX 7,500 ($100.94) target price on the stock.

A number of other brokerages have also weighed in on RB. Liberum Capital restated a buy rating and issued a GBX 8,700 ($117.09) price objective on shares of Reckitt Benckiser Group in a report on Wednesday, August 30th. BNP Paribas set a GBX 7,700 ($103.63) target price on shares of Reckitt Benckiser Group and gave the company a neutral rating in a research note on Tuesday, September 5th. Societe Generale set a GBX 7,800 ($104.98) target price on shares of Reckitt Benckiser Group and gave the company a neutral rating in a research note on Tuesday, September 5th. Whitman Howard reiterated a buy rating and set a GBX 9,000 ($121.13) target price on shares of Reckitt Benckiser Group in a research note on Monday, October 16th. Finally, Credit Suisse Group reiterated an outperform rating and set a GBX 7,700 ($103.63) target price on shares of Reckitt Benckiser Group in a research note on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of GBX 7,723.64 ($103.95).

Shares of Reckitt Benckiser Group (LON RB) traded up GBX 7 ($0.09) on Tuesday, hitting GBX 6,707 ($90.27). The stock had a trading volume of 1,004,120 shares, compared to its average volume of 1,590,000. 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 bought 2,285 shares of Reckitt Benckiser Group stock in a transaction dated Wednesday, November 8th. The shares were acquired 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 bought 2,800 shares of Reckitt Benckiser Group stock in a transaction dated Wednesday, November 1st. The shares were 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 WARNING: “Reckitt Benckiser Group (RB) Earns Overweight Rating from J P Morgan Chase & Co” was originally reported by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://sportsperspectives.com/2017/12/15/reckitt-benckiser-group-rb-earns-overweight-rating-from-j-p-morgan-chase-co.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)

Receive News & Ratings for Reckitt Benckiser Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reckitt Benckiser Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply