UBS Group set a GBX 7,000 ($94.93) price target on Reckitt Benckiser Group (LON:RB) in a research note issued to investors on Thursday, January 11th, www.boersen-zeitung.de reports. The firm currently has a neutral rating on the stock.
A number of other research analysts have also recently issued reports on RB. JPMorgan Chase & Co. set a GBX 6,900 ($93.57) price target on Reckitt Benckiser Group and gave the company a neutral rating in a report on Thursday, September 28th. Kepler Capital Markets dropped their price objective on Reckitt Benckiser Group from GBX 7,300 ($99.00) to GBX 7,000 ($94.93) and set a hold rating for the company in a report on Monday, January 8th. Credit Suisse Group dropped their price objective on Reckitt Benckiser Group from GBX 8,650 ($117.30) to GBX 7,700 ($104.42) and set an outperform rating for the company in a report on Thursday, October 5th. Morgan Stanley set a GBX 9,000 ($122.05) price objective on Reckitt Benckiser Group and gave the stock a buy rating in a report on Tuesday, January 9th. Finally, Societe Generale set a GBX 7,000 ($94.93) price target on Reckitt Benckiser Group and gave the company a neutral rating in a research note on Friday, October 20th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of GBX 7,614.55 ($103.26).
Reckitt Benckiser Group (LON:RB) traded up GBX 120 ($1.63) during trading on Thursday, hitting GBX 6,913 ($93.75). The company had a trading volume of 1,993,768 shares, compared to its average volume of 1,090,000. Reckitt Benckiser Group has a fifty-two week low of GBX 6,299 ($85.42) and a fifty-two week high of GBX 8,110.43 ($109.99). The company has a market capitalization of $48,650.00 and a PE ratio of 2,312.04.
In related news, insider Christopher Sinclair acquired 2,800 shares of the stock in a transaction dated Wednesday, November 1st. The stock was bought at an average cost of GBX 6,597 ($89.46) per share, for a total transaction of £184,716 ($250,496.34). Also, insider Adrian Nevil Hennah acquired 2,285 shares of the stock in a transaction dated Wednesday, November 8th. The shares were bought at an average price of GBX 6,567 ($89.06) per share, with a total value of £150,055.95 ($203,493.29).
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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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