Reckitt Benckiser Group Plc (RB) Price Target Cut to GBX 6,650 by Analysts at Jefferies Group LLC
Reckitt Benckiser Group Plc (LON:RB) had its price objective lowered by research analysts at Jefferies Group LLC from GBX 7,500 ($99.65) to GBX 6,650 ($88.36) in a research note issued on Thursday. The brokerage currently has a “hold” rating on the stock. Jefferies Group LLC’s price target indicates a potential downside of 3.02% from the company’s previous close.
Other analysts also recently issued reports about the stock. Investec lowered their price target on shares of Reckitt Benckiser Group Plc from GBX 7,150 ($95.00) to GBX 6,400 ($85.04) and set a “sell” rating on the stock in a report on Friday, October 6th. Liberum Capital reissued a “buy” rating and set a GBX 8,150 ($108.29) price target on shares of Reckitt Benckiser Group Plc in a report on Wednesday, July 19th. J P Morgan Chase & Co set a GBX 6,900 ($91.68) price target on shares of Reckitt Benckiser Group Plc and gave the stock a “neutral” rating in a report on Thursday, September 28th. Kepler Capital Markets reissued a “buy” rating and set a GBX 8,100 ($107.63) price target on shares of Reckitt Benckiser Group Plc in a report on Tuesday, July 18th. Finally, S&P Global set a GBX 8,000 ($106.30) price target on shares of Reckitt Benckiser Group Plc and gave the stock a “neutral” rating in a report on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 7,913.91 ($105.15).
Reckitt Benckiser Group Plc (LON RB) opened at 6839.00 on Thursday. The stock’s market cap is GBX 48.11 billion. Reckitt Benckiser Group Plc has a 1-year low of GBX 6,496.00 and a 1-year high of GBX 8,110.43. The company’s 50 day moving average is GBX 6,980.43 and its 200-day moving average is GBX 7,411.48.
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 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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