Reckitt Benckiser Group Plc (LON:RB) had its price objective lowered by J P Morgan Chase & Co from GBX 7,300 ($95.10) to GBX 7,200 ($93.80) in a research report released on Wednesday. The firm currently has a neutral rating on the stock.

A number of other research firms have also weighed in on RB. Jefferies Group LLC reduced their target price on shares of Reckitt Benckiser Group Plc from GBX 8,000 ($104.22) to GBX 7,750 ($100.96) and set a buy rating on the stock in a report on Wednesday, May 3rd. Liberum Capital reissued a buy rating and set a GBX 8,150 ($106.18) target price on shares of Reckitt Benckiser Group Plc in a report on Wednesday, July 19th. Shore Capital reissued a hold rating on shares of Reckitt Benckiser Group Plc in a report on Monday, April 3rd. Kepler Capital Markets reissued a buy rating and set a GBX 8,100 ($105.52) target price on shares of Reckitt Benckiser Group Plc in a report on Tuesday, July 18th. Finally, Investec reissued a sell rating and set a GBX 7,425 ($96.73) target price on shares of Reckitt Benckiser Group Plc in a report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of GBX 8,143.40 ($106.09).

Reckitt Benckiser Group Plc (LON:RB) opened at 7351.00 on Wednesday. Reckitt Benckiser Group Plc has a one year low of GBX 6,496.00 and a one year high of GBX 8,110.43. The company has a 50-day moving average of GBX 7,775.62 and a 200 day moving average of GBX 7,408.41. The firm’s market capitalization is GBX 51.71 billion.

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The firm also recently disclosed a dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 17th will be issued a dividend of GBX 66.60 ($0.87) per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a yield of 0.87%.

In other Reckitt Benckiser Group Plc news, insider Rakesh Kapoor sold 58,094 shares of the company’s 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 transaction of £4,153,721 ($5,411,309.28). Also, insider Adrian Bellamy acquired 554 shares of the stock in a transaction on Friday, May 19th. The shares were acquired at an average price of GBX 7,607 ($99.10) per share, for a total transaction of £42,142.78 ($54,902.01).

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).

Analyst Recommendations for Reckitt Benckiser Group Plc (LON:RB)

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