Beaufort Securities cut shares of Reckitt Benckiser Group (LON:RB) to a sell rating in a report released on Tuesday, February 20th. Beaufort Securities currently has GBX 5,600 ($77.37) target price on the stock.
Several other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Reckitt Benckiser Group to an overweight rating and raised their price objective for the company from GBX 6,900 ($95.33) to GBX 7,500 ($103.62) in a research report on Wednesday, November 22nd. Investec restated a sell rating and set a GBX 6,400 ($88.42) price objective on shares of Reckitt Benckiser Group in a research report on Monday, January 29th. Liberum Capital lowered their price objective on shares of Reckitt Benckiser Group from GBX 8,700 ($120.20) to GBX 8,000 ($110.53) and set a buy rating on the stock in a research report on Wednesday, October 25th. Deutsche Bank restated a buy rating and set a GBX 8,250 ($113.98) price objective on shares of Reckitt Benckiser Group in a research report on Tuesday, January 23rd. Finally, Citigroup reiterated a buy rating and issued a GBX 7,900 ($109.15) target price on shares of Reckitt Benckiser Group in a research report on Wednesday, February 7th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 7,190 ($99.34).
Reckitt Benckiser Group (LON RB) traded down GBX 16 ($0.22) during trading on Tuesday, hitting GBX 5,649 ($78.05). 1,502,807 shares of the stock traded hands, compared to its average volume of 1,700,000. The stock has a market cap of $39,820.00 and a PE ratio of 2,054.18. Reckitt Benckiser Group has a 12-month low of GBX 5,608 ($77.48) and a 12-month high of GBX 8,110.43 ($112.05).
The company also recently declared a dividend, which will be paid on Thursday, May 24th. Shareholders of record on Thursday, April 12th will be issued a GBX 97.70 ($1.35) dividend. This represents a yield of 1.65%. The ex-dividend date is Thursday, April 12th. This is a positive change from Reckitt Benckiser Group’s previous dividend of $66.60.
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About Reckitt Benckiser Group
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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