Reckitt Benckiser Group Plc (LON:RB) shares rose 0% on Thursday . The company traded as high as GBX 6,775 ($90.59) and last traded at GBX 6,693 ($89.49). Approximately 1,220,000 shares were traded during trading, a decline of 8% from the average daily volume of 1,320,000 shares. The stock had previously closed at GBX 6,693 ($89.49).
RB has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised Reckitt Benckiser Group to an “overweight” rating and raised their price objective for the company from GBX 6,900 ($92.26) to GBX 7,500 ($100.28) in a research report on Wednesday, November 22nd. Liberum Capital reduced their price objective on Reckitt Benckiser Group from GBX 8,700 ($116.33) to GBX 8,000 ($106.97) and set a “buy” rating for the company in a research report on Wednesday, October 25th. Royal Bank of Canada set a GBX 5,600 ($74.88) price objective on Reckitt Benckiser Group and gave the company a “sell” rating in a research report on Friday, October 20th. Jefferies Group reduced their price objective on Reckitt Benckiser Group from GBX 8,150 ($108.97) to GBX 7,500 ($100.28) and set a “hold” rating for the company in a research report on Friday, September 15th. Finally, Morgan Stanley set a £100 ($133.71) price objective on Reckitt Benckiser Group and gave the company a “buy” rating in a research report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Reckitt Benckiser Group currently has an average rating of “Hold” and an average price target of GBX 7,723.64 ($103.27).
The stock has a market capitalization of $47,560.00 and a P/E ratio of 2,287.96.
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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).
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