Goldman Sachs Group, Inc. (The) Reiterates “Neutral” Rating for Reckitt Benckiser Group Plc (LON:RB)
Goldman Sachs Group, Inc. (The) reissued their neutral rating on shares of Reckitt Benckiser Group Plc (LON:RB) in a research note issued to investors on Tuesday. The brokerage currently has a GBX 8,130 ($105.91) price target on the stock.
RB has been the subject of a number of other research reports. Jefferies Group LLC reaffirmed a buy rating and set a GBX 8,000 ($104.22) price target on shares of Reckitt Benckiser Group Plc in a research report on Friday, April 28th. J P Morgan Chase & Co reissued a neutral rating on shares of Reckitt Benckiser Group Plc in a report on Monday, March 27th. Shore Capital reissued a hold rating on shares of Reckitt Benckiser Group Plc in a report on Friday, April 21st. Barclays PLC reissued an equal weight rating and issued a GBX 7,230 ($94.19) price objective on shares of Reckitt Benckiser Group Plc in a report on Friday, March 31st. Finally, Kepler Capital Markets reissued a buy rating and issued a GBX 8,100 ($105.52) price objective on shares of Reckitt Benckiser Group Plc in a report on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of GBX 8,168.65 ($106.42).
Reckitt Benckiser Group Plc (LON RB) opened at 7351.00 on Tuesday. The company’s market cap is GBX 51.46 billion. Reckitt Benckiser Group Plc has a 12-month low of GBX 6,496.00 and a 12-month high of GBX 8,110.43. The firm has a 50-day moving average price of GBX 7,775.62 and a 200-day moving average price of GBX 7,408.41.
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The company also recently declared a dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 17th will be paid a dividend of GBX 66.60 ($0.87) per share. This represents a yield of 0.87%. The ex-dividend date of this dividend is Thursday, August 17th.
In related news, insider Adrian Bellamy acquired 554 shares of Reckitt Benckiser Group Plc stock in a transaction dated Friday, May 19th. The shares were acquired at an average cost of GBX 7,607 ($99.10) per share, for a total transaction of £42,142.78 ($54,902.01). Also, insider Rakesh Kapoor sold 58,094 shares of the stock in a transaction on Friday, May 5th. The shares were sold at an average price of GBX 7,150 ($93.15), for a total value of £4,153,721 ($5,411,309.28).
About Reckitt Benckiser Group Plc
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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