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 report released on Monday morning, StockTargetPrices.com reports. J P Morgan Chase & Co currently has a GBX 7,500 ($100.94) price objective on the stock.

RB has been the subject of several other reports. Barclays reissued an equal weight rating and set a GBX 6,600 ($88.83) price objective (down from GBX 7,100 ($95.56)) on shares of Reckitt Benckiser Group in a research note on Monday, November 27th. Royal Bank of Canada set a GBX 5,600 ($75.37) target price on Reckitt Benckiser Group and gave the company a sell rating in a report on Friday, October 20th. Liberum Capital reduced their target price on Reckitt Benckiser Group from GBX 8,700 ($117.09) to GBX 8,000 ($107.67) and set a buy rating for the company in a report on Wednesday, October 25th. Kepler Capital Markets reduced their target price on Reckitt Benckiser Group from GBX 7,800 ($104.98) to GBX 7,300 ($98.25) and set a hold rating for the company in a report on Monday, October 9th. Finally, Deutsche Bank restated a buy rating and issued a GBX 8,500 ($114.40) target price on shares of Reckitt Benckiser Group in a report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of GBX 7,723.64 ($103.95).

Shares of Reckitt Benckiser Group (LON:RB) opened at GBX 6,584 ($88.61) on Monday. 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 other Reckitt Benckiser Group news, insider Adrian Nevil Hennah bought 2,285 shares of the stock in a transaction on Wednesday, November 8th. The shares were purchased 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 stock in a transaction dated Wednesday, November 1st. The stock was acquired at an average cost of GBX 6,597 ($88.79) per share, for a total transaction of £184,716 ($248,608.34).

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Reckitt Benckiser Group Company Profile

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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Analyst Recommendations for Reckitt Benckiser Group (LON:RB)

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