Jefferies Group LLC Cuts Reckitt Benckiser Group Plc (RB) Price Target to GBX 6,650

Reckitt Benckiser Group Plc (LON:RB) had its price objective trimmed by Jefferies Group LLC from GBX 7,500 ($98.97) to GBX 6,650 ($87.75) in a report issued on Thursday, October 19th, MarketBeat reports. The firm currently has a hold rating on the stock.

A number of other equities research analysts have also recently issued reports on the company. Kepler Capital Markets lowered their price objective on Reckitt Benckiser Group Plc from GBX 7,800 ($102.93) to GBX 7,300 ($96.33) and set a hold rating on the stock in a research note on Monday, October 9th. Deutsche Bank AG restated a buy rating and issued a GBX 8,500 ($112.17) price objective on shares of Reckitt Benckiser Group Plc in a research note on Thursday, October 12th. Morgan Stanley set a £100 ($131.96) price objective on Reckitt Benckiser Group Plc and gave the company a buy rating in a research note on Wednesday, October 11th. Investec lowered their price objective on Reckitt Benckiser Group Plc from GBX 7,150 ($94.35) to GBX 6,400 ($84.46) and set a sell rating on the stock in a research note on Friday, October 6th. Finally, Credit Suisse Group restated an outperform rating and issued a GBX 7,700 ($101.61) price objective on shares of Reckitt Benckiser Group Plc in a research note on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of GBX 7,769.09 ($102.52).

Shares of Reckitt Benckiser Group Plc (LON:RB) opened at 6845.00 on Thursday. Reckitt Benckiser Group Plc has a 52-week low of GBX 6,496.00 and a 52-week high of GBX 8,110.43. The firm has a 50-day moving average of GBX 6,868.03 and a 200-day moving average of GBX 7,379.94. The stock’s market cap is GBX 48.15 billion.

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Reckitt Benckiser Group Plc 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 Plc (LON:RB)

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