Reckitt Benckiser Group (RB) Price Target Lowered to GBX 7,000 at Kepler Capital Markets
Reckitt Benckiser Group (LON:RB) had its price target cut by Kepler Capital Markets from GBX 7,300 ($99.00) to GBX 7,000 ($94.93) in a report released on Monday. They currently have a hold rating on the stock.
Several other research analysts have also recently commented on RB. JPMorgan Chase & Co. cut their price target on Reckitt Benckiser Group from GBX 7,200 ($97.64) to GBX 6,900 ($93.57) and set a neutral rating on the stock in a research note on Friday, September 15th. Jefferies Group cut their price target on Reckitt Benckiser Group from GBX 8,150 ($110.52) to GBX 7,500 ($101.71) and set a hold rating on the stock in a research note on Friday, September 15th. Goldman Sachs Group cut their price target on Reckitt Benckiser Group from GBX 8,130 ($110.25) to GBX 7,920 ($107.40) and set a neutral rating on the stock in a research note on Thursday, September 21st. Morgan Stanley reiterated an overweight rating and issued a £100 ($135.61) price target on shares of Reckitt Benckiser Group in a research note on Thursday, September 21st. Finally, Berenberg Bank reiterated a buy rating and issued a GBX 8,500 ($115.27) price target on shares of Reckitt Benckiser Group in a research note on Thursday, September 28th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. Reckitt Benckiser Group presently 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 6,767 ($91.77) on Monday. 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 capitalization of $47,710.00 and a PE ratio of 2,263.21.
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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