Goldman Sachs Group Analysts Give Reckitt Benckiser Group (RB) a GBX 7,070 Price Target
Reckitt Benckiser Group (LON:RB) has been given a GBX 7,070 ($95.15) price objective by stock analysts at Goldman Sachs Group in a research note issued on Monday. The firm currently has a “neutral” rating on the stock. Goldman Sachs Group’s price target points to a potential upside of 5.52% from the company’s previous close.
A number of other research analysts have also commented on RB. Barclays reiterated an “equal weight” rating and set a GBX 6,600 ($88.83) price target (down from GBX 7,100 ($95.56)) on shares of Reckitt Benckiser Group in a report on Monday, November 27th. Royal Bank Of Canada set a GBX 5,600 ($75.37) price target on Reckitt Benckiser Group and gave the stock a “sell” rating in a report on Friday, October 20th. Liberum Capital cut their price target on Reckitt Benckiser Group from GBX 8,700 ($117.09) to GBX 8,000 ($107.67) and set a “buy” rating for the company in a report on Wednesday, October 25th. Kepler Capital Markets cut their price target on Reckitt Benckiser Group from GBX 7,800 ($104.98) to GBX 7,300 ($98.25) and set a “hold” rating for the company in a report on Monday, October 9th. Finally, Deutsche Bank reiterated a “buy” rating and set a GBX 8,500 ($114.40) price target on shares of Reckitt Benckiser Group in a report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company. Reckitt Benckiser Group has a consensus rating of “Hold” and a consensus target price of GBX 7,723.64 ($103.95).
Shares of Reckitt Benckiser Group (LON RB) opened at GBX 6,700 ($90.17) on Monday. Reckitt Benckiser Group has a 12-month low of GBX 6,299 ($84.78) and a 12-month high of GBX 8,110.43 ($109.16).
In other Reckitt Benckiser Group news, insider Adrian Nevil Hennah bought 2,285 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were bought at an average price of GBX 6,567 ($88.38) per share, for a total transaction of £150,055.95 ($201,959.56). Also, insider Christopher Sinclair bought 2,800 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were acquired at an average price of GBX 6,597 ($88.79) per share, for a total transaction of £184,716 ($248,608.34).
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Reckitt Benckiser Group Company Profile
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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