Reckitt Benckiser Group plc (LON:RB) Receives GBX 7,683.44 Consensus Price Target from Analysts


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Reckitt Benckiser Group plc (LON:RB) has been assigned a consensus rating of “Buy” from the eighteen research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is GBX 7,683.44 ($100.38).

A number of research analysts have recently commented on RB shares. JPMorgan Chase & Co. set a GBX 9,000 ($117.59) target price on Reckitt Benckiser Group and gave the company a “buy” rating in a research note on Monday, March 29th. Morgan Stanley reiterated a “buy” rating and issued a GBX 7,900 ($103.21) target price on shares of Reckitt Benckiser Group in a research report on Monday, February 8th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reiterated a “top pick” rating on shares of Reckitt Benckiser Group in a research report on Monday, March 29th. Credit Suisse Group set a GBX 7,800 ($101.91) price target on Reckitt Benckiser Group and gave the company a “buy” rating in a report on Monday, March 1st. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 8,385 ($109.55) price target on shares of Reckitt Benckiser Group in a report on Thursday, February 25th.

In other Reckitt Benckiser Group news, insider Olivier Bohuon purchased 500 shares of the business’s stock in a transaction that occurred on Tuesday, March 16th. The shares were acquired at an average price of GBX 6,316 ($82.52) per share, for a total transaction of £31,580 ($41,259.47). Also, insider Laxman Narasimhan sold 12,406 shares of the business’s stock in a transaction dated Thursday, March 25th. The stock was sold at an average price of GBX 6,453 ($84.31), for a total value of £800,559.18 ($1,045,935.69).

LON RB remained flat at $GBX 6,498 ($84.90) during trading hours on Friday. The firm has a fifty day moving average of GBX 6,291.28 and a 200 day moving average of GBX 6,966.66. The company has a current ratio of 0.77, a quick ratio of 0.53 and a debt-to-equity ratio of 116.01. Reckitt Benckiser Group has a one year low of GBX 5,782 ($75.54) and a one year high of GBX 8,020 ($104.78). The company has a market capitalization of £46.33 billion and a PE ratio of 39.07.

The firm also recently declared a dividend, which will be paid on Monday, June 14th. Stockholders of record on Thursday, May 6th will be issued a dividend of GBX 101.60 ($1.33) per share. The ex-dividend date of this dividend is Thursday, May 6th. This is a boost from Reckitt Benckiser Group’s previous dividend of $73.00. This represents a dividend yield of 1.7%. Reckitt Benckiser Group’s dividend payout ratio is currently 105.23%.

About Reckitt Benckiser Group

Reckitt Benckiser Group plc manufactures, markets, and sells health, hygiene, and home products. The company offers acne treatment creams, facial washes, and cleansing pads; disinfection, hygiene, and first aid products; condoms, sex toys, and lubricants; heartburn and indigestion solutions; and cough and chest congestion, multi-symptom, and sinus remedies for adults and children under the Clearasil, Dettol, Durex, Gaviscon, and Mucinex brands.

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Analyst Recommendations for Reckitt Benckiser Group (LON:RB)

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