Reckitt Benckiser Group Plc (RB) Earns “Equal Weight” Rating from Barclays PLC
Reckitt Benckiser Group Plc (LON:RB)‘s stock had its “equal weight” rating restated by analysts at Barclays PLC in a note issued to investors on Monday, Marketbeat reports. They currently have a GBX 6,600 ($87.99) price target on the stock. Barclays PLC’s price objective points to a potential upside of 2.40% from the company’s previous close.
Several other research analysts have also recently issued reports on the stock. UBS AG set a GBX 7,250 ($96.65) target price on shares of Reckitt Benckiser Group and gave the stock a “neutral” rating in a report on Wednesday, October 18th. Kepler Capital Markets reissued a “hold” rating and set a GBX 7,300 ($97.32) target price on shares of Reckitt Benckiser Group in a report on Wednesday, October 18th. J P Morgan Chase & Co set a GBX 7,200 ($95.99) target price on shares of Reckitt Benckiser Group and gave the stock a “neutral” rating in a report on Tuesday, August 8th. S&P Global set a GBX 7,500 ($99.99) target price on shares of Reckitt Benckiser Group and gave the stock a “neutral” rating in a report on Friday, October 20th. Finally, Citigroup Inc. set a GBX 8,900 ($118.65) target price on shares of Reckitt Benckiser Group and gave the stock a “buy” rating in a report on Thursday, August 3rd. Two 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 stock. Reckitt Benckiser Group presently has an average rating of “Hold” and a consensus price target of GBX 7,762.27 ($103.48).
Reckitt Benckiser Group (LON:RB) traded down GBX 25 ($0.33) during midday trading on Monday, hitting GBX 6,445 ($85.92). 1,139,686 shares of the company’s stock were exchanged, compared to its average volume of 1,720,000. Reckitt Benckiser Group has a fifty-two week low of GBX 6,324 ($84.31) and a fifty-two week high of GBX 8,110.43 ($108.12).
In other Reckitt Benckiser Group news, insider Christopher Sinclair purchased 2,800 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were purchased at an average cost of GBX 6,597 ($87.95) per share, for a total transaction of £184,716 ($246,255.17). Also, insider Adrian Nevil Hennah purchased 2,285 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were acquired at an average price of GBX 6,567 ($87.55) per share, for a total transaction of £150,055.95 ($200,047.93).
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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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