Reckitt Benckiser Group Plc (LON:RB) traded down 2.4% on Tuesday after Beaufort Securities downgraded the stock to a sell rating. Beaufort Securities now has a GBX 5,600 price target on the stock. Reckitt Benckiser Group traded as low as GBX 5,881 ($81.25) and last traded at GBX 5,928 ($81.90). 4,022,354 shares were traded during mid-day trading, an increase of 224% from the average session volume of 1,240,000 shares. The stock had previously closed at GBX 6,075 ($83.93).
Several other research firms also recently commented on RB. JPMorgan Chase & Co. decreased their target price on shares of Reckitt Benckiser Group from GBX 7,500 ($103.62) to GBX 7,200 ($99.47) and set an “overweight” rating for the company in a research report on Tuesday. Credit Suisse Group downgraded shares of Reckitt Benckiser Group to a “neutral” rating and decreased their target price for the stock from GBX 7,500 ($103.62) to GBX 6,300 ($87.04) in a research report on Tuesday. Liberum Capital reissued a “buy” rating and set a GBX 8,000 ($110.53) target price on shares of Reckitt Benckiser Group in a research report on Monday. Investec raised shares of Reckitt Benckiser Group to a “hold” rating and decreased their target price for the stock from GBX 6,400 ($88.42) to GBX 6,000 ($82.90) in a research report on Tuesday. Finally, Goldman Sachs Group decreased their target price on shares of Reckitt Benckiser Group from GBX 7,000 ($96.71) to GBX 6,400 ($88.42) and set a “neutral” rating for the company in a research report on Monday. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 7,310.87 ($101.01).
The stock has a market cap of $41,310.00 and a price-to-earnings ratio of 2,134.18.
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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