Morgan Stanley Reiterates “GBX 9,000” Price Target for Reckitt Benckiser Group (RB)
RB has been the topic of several other reports. Barclays reaffirmed an equal weight rating and issued a GBX 6,600 ($89.50) target price (down from GBX 7,100 ($96.28)) on shares of Reckitt Benckiser Group in a research note on Monday, November 27th. Royal Bank of Canada set a GBX 5,600 ($75.94) target price on shares of Reckitt Benckiser Group and gave the stock a sell rating in a research note on Friday, October 20th. Liberum Capital decreased their target price on shares of Reckitt Benckiser Group from GBX 8,700 ($117.98) to GBX 8,000 ($108.49) and set a buy rating on the stock in a research note on Wednesday, October 25th. Kepler Capital Markets decreased their target price on shares of Reckitt Benckiser Group from GBX 7,800 ($105.78) to GBX 7,300 ($99.00) and set a hold rating on the stock in a research note on Monday, October 9th. Finally, Deutsche Bank reaffirmed a buy rating and issued a GBX 8,500 ($115.27) target price on shares of Reckitt Benckiser Group in a research note on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of GBX 7,664.55 ($103.94).
Reckitt Benckiser Group (LON:RB) opened at GBX 6,772 ($91.84) on Tuesday. Reckitt Benckiser Group has a one year low of GBX 6,299 ($85.42) and a one year high of GBX 8,110.43 ($109.99). The company has a market cap of $47,710.00 and a price-to-earnings ratio of 2,264.88.
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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