JPMorgan Chase & Co. Reaffirms “Overweight” Rating for Reckitt Benckiser Group (RB)
Reckitt Benckiser Group (LON:RB)‘s stock had its “overweight” rating reissued by stock analysts at JPMorgan Chase & Co. in a research note issued to investors on Thursday. They currently have a GBX 7,200 ($99.47) price target on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 22.76% from the company’s current price.
RB has been the subject of several other research reports. Berenberg Bank set a GBX 7,500 ($103.62) target price on Reckitt Benckiser Group and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Citigroup reiterated a “buy” rating and set a GBX 7,200 ($99.47) target price on shares of Reckitt Benckiser Group in a research report on Wednesday, February 28th. Liberum Capital reiterated a “buy” rating and set a GBX 8,000 ($110.53) target price on shares of Reckitt Benckiser Group in a research report on Monday, January 15th. Goldman Sachs cut their target price on Reckitt Benckiser Group from GBX 7,000 ($96.71) to GBX 6,400 ($88.42) and set a “neutral” rating for the company in a research report on Monday, February 19th. Finally, Morgan Stanley cut their price target on Reckitt Benckiser Group from GBX 9,000 ($124.34) to GBX 8,500 ($117.44) and set an “overweight” rating for the company in a report on Monday, March 5th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 7,190.87 ($99.35).
Reckitt Benckiser Group stock traded down GBX 30 ($0.41) during trading hours on Thursday, hitting GBX 5,865 ($81.03). The company had a trading volume of 3,102,133 shares, compared to its average volume of 1,720,000. Reckitt Benckiser Group has a 12-month low of GBX 5,562 ($76.84) and a 12-month high of GBX 8,110.43 ($112.05). The stock has a market capitalization of $39,940.00 and a PE ratio of 2,132.73.
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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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