Reckitt Benckiser Group (RB) Stock Rating Reaffirmed by JPMorgan Chase & Co.
JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Reckitt Benckiser Group (LON:RB) in a research note published on Thursday. The brokerage currently has a GBX 7,500 ($101.71) price target on the stock.
RB has been the subject of several other reports. Barclays reaffirmed an equal weight rating and set a GBX 6,600 ($89.50) price objective (down from GBX 7,100 ($96.28)) on shares of Reckitt Benckiser Group in a research report on Monday, November 27th. Royal Bank of Canada set a GBX 5,600 ($75.94) price objective on Reckitt Benckiser Group and gave the stock a sell rating in a research report on Friday, October 20th. Liberum Capital reduced their price objective on Reckitt Benckiser Group from GBX 8,700 ($117.98) to GBX 8,000 ($108.49) and set a buy rating for the company in a research report on Wednesday, October 25th. Kepler Capital Markets reduced their price objective on Reckitt Benckiser Group from GBX 7,800 ($105.78) to GBX 7,300 ($99.00) and set a hold rating for the company in a research report on Monday, October 9th. Finally, Deutsche Bank reaffirmed a buy rating and set a GBX 8,500 ($115.27) price objective on shares of Reckitt Benckiser Group in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 7,614.55 ($103.26).
Reckitt Benckiser Group (RB) traded up GBX 120 ($1.63) during mid-day trading on Thursday, hitting GBX 6,913 ($93.75). The stock had a trading volume of 1,993,768 shares, compared to its average volume of 1,100,000. The firm has a market capitalization of $48,640.00 and a PE ratio of 2,312.04. Reckitt Benckiser Group has a 52 week low of GBX 6,299 ($85.42) and a 52 week high of GBX 8,110.43 ($109.99).
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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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