Reckitt Benckiser Group Plc (RB) Receives GBX 7,723.64 Average Price Target from Brokerages

Reckitt Benckiser Group Plc (LON:RB) has earned an average rating of “Hold” from the twenty-three research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is GBX 7,723.64 ($103.27).

RB has been the subject of a number of research reports. Societe Generale set a GBX 7,800 ($104.29) price target on shares of Reckitt Benckiser Group and gave the stock a “neutral” rating in a research report on Tuesday, September 5th. BNP Paribas set a GBX 7,700 ($102.95) price objective on shares of Reckitt Benckiser Group and gave the stock a “neutral” rating in a research note on Tuesday, September 5th. JPMorgan Chase & Co. dropped their price objective on shares of Reckitt Benckiser Group from GBX 7,200 ($96.27) to GBX 6,900 ($92.26) and set a “neutral” rating on the stock in a research note on Friday, September 15th. Jefferies Group dropped their price target on shares of Reckitt Benckiser Group from GBX 8,150 ($108.97) to GBX 7,500 ($100.28) and set a “hold” rating on the stock in a research note on Friday, September 15th. Finally, Goldman Sachs Group decreased their price objective on shares of Reckitt Benckiser Group from GBX 8,130 ($108.70) to GBX 7,920 ($105.90) and set a “neutral” rating for the company in a report on Thursday, September 21st.

Shares of Reckitt Benckiser Group (RB) traded up GBX 103 ($1.38) during trading hours on Tuesday, hitting GBX 6,919 ($92.51). The stock had a trading volume of 636,476 shares, compared to its average volume of 1,440,000. The stock has a market cap of $48,070.00 and a price-to-earnings ratio of 2,314.05. Reckitt Benckiser Group has a fifty-two week low of GBX 6,299 ($84.22) and a fifty-two week high of GBX 8,110.43 ($108.44).

In related news, insider Adrian Nevil Hennah bought 2,285 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was bought at an average price of GBX 6,567 ($87.81) per share, for a total transaction of £150,055.95 ($200,636.38). Also, insider Christopher Sinclair bought 2,800 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was bought at an average price of GBX 6,597 ($88.21) per share, with a total value of £184,716 ($246,979.54).

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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).

Analyst Recommendations for Reckitt Benckiser Group (LON:RB)

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