Reckitt Benckiser Group (LON:RB)‘s stock had its “hold” rating reaffirmed by stock analysts at Shore Capital in a research note issued to investors on Thursday.
Several other equities research analysts have also recently weighed in on the stock. Liberum Capital reiterated a “buy” rating and set a GBX 7,400 ($102.24) price objective on shares of Reckitt Benckiser Group in a research report on Thursday. JPMorgan Chase & Co. set a GBX 7,200 ($99.47) price objective on shares of Reckitt Benckiser Group and gave the stock a “buy” rating in a research report on Monday, March 12th. Morgan Stanley decreased their price objective on shares of Reckitt Benckiser Group from GBX 9,000 ($124.34) to GBX 8,500 ($117.44) and set an “overweight” rating for the company in a research report on Monday, March 5th. Citigroup reiterated a “buy” rating and set a GBX 7,200 ($99.47) price objective on shares of Reckitt Benckiser Group in a research report on Wednesday, February 28th. Finally, Credit Suisse Group reiterated a “neutral” rating and set a GBX 6,300 ($87.04) price objective on shares of Reckitt Benckiser Group in a research report on Monday, February 26th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company’s stock. Reckitt Benckiser Group presently has a consensus rating of “Hold” and an average price target of GBX 7,190.87 ($99.35).
Shares of Reckitt Benckiser Group stock opened at GBX 5,865 ($81.03) on Thursday. Reckitt Benckiser Group has a 12-month low of GBX 5,562 ($76.84) and a 12-month high of GBX 8,110.43 ($112.05). The firm has a market cap of $39,940.00 and a price-to-earnings ratio of 2,132.73.
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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