Reckitt Benckiser Group Plc (LON:RB) had its price objective hoisted by BNP Paribas from GBX 7,800 ($96.53) to GBX 8,200 ($101.49) in a report released on Friday morning. The brokerage currently has an outperform rating on the stock.
Other equities research analysts have also recently issued reports about the company. Goldman Sachs Group Inc. set a GBX 7,200 ($89.11) price objective on Reckitt Benckiser Group Plc and gave the company a neutral rating in a research report on Friday. Barclays PLC raised Reckitt Benckiser Group Plc to an equal weight rating and increased their price objective for the company from GBX 5,900 ($73.02) to GBX 7,100 ($87.87) in a research report on Friday, July 8th. JPMorgan Chase & Co. reissued a neutral rating and issued a GBX 7,000 ($86.63) price objective on shares of Reckitt Benckiser Group Plc in a research report on Friday, July 22nd. Citigroup Inc. set a GBX 8,650 ($107.05) price objective on Reckitt Benckiser Group Plc and gave the company a buy rating in a research report on Wednesday, August 31st. Finally, Numis Securities Ltd reissued a hold rating and issued a GBX 7,720 ($95.54) price objective on shares of Reckitt Benckiser Group Plc in a research report on Monday, July 18th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of GBX 7,655.75 ($94.75).
Reckitt Benckiser Group Plc (LON:RB) traded down 0.23% during midday trading on Friday, reaching GBX 7375.00. 619,921 shares of the company traded hands. The company has a 50-day moving average price of GBX 7,287.86 and a 200-day moving average price of GBX 7,112.73. The company’s market cap is GBX 52.00 billion. Reckitt Benckiser Group Plc has a 12-month low of GBX 5,839.08 and a 12-month high of GBX 7,786.00.
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, DvM and Food. 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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