JPMorgan Chase & Co. Reiterates “Neutral” Rating for Reckitt Benckiser Group Plc (RB)
Reckitt Benckiser Group Plc (LON:RB)‘s stock had its “neutral” rating reissued by investment analysts at JPMorgan Chase & Co. in a research note issued to investors on Monday. They presently have a GBX 7,100 ($92.68) target price on the stock. JPMorgan Chase & Co.’s price objective suggests a potential downside of 2.07% from the stock’s current price.
Several other equities analysts have also weighed in on the company. Liberum Capital reaffirmed a “buy” rating and issued a GBX 8,400 ($109.65) price objective on shares of Reckitt Benckiser Group Plc in a research note on Monday, July 11th. BNP Paribas set a GBX 7,800 ($101.81) price objective on Reckitt Benckiser Group Plc and gave the company a “neutral” rating in a research note on Wednesday, September 7th. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a GBX 7,950 ($103.77) price objective on shares of Reckitt Benckiser Group Plc in a research note on Monday, July 25th. Sanford C. Bernstein set a GBX 8,750 ($114.21) price objective on Reckitt Benckiser Group Plc and gave the company a “buy” rating in a research note on Monday, August 22nd. Finally, Shore Capital reissued a “hold” rating on shares of Reckitt Benckiser Group Plc in a research report on Friday, July 29th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 7,631.58 ($99.62).
Reckitt Benckiser Group Plc (LON:RB) opened at 7219.00 on Monday. The stock’s market capitalization is GBX 50.90 billion. The firm has a 50-day moving average of GBX 7,372.30 and a 200 day moving average of GBX 7,038.48. Reckitt Benckiser Group Plc has a 52 week low of GBX 5,696.00 and a 52 week high of GBX 7,786.00.
Reckitt Benckiser Group Plc Company Profile
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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