Berenberg Bank Reiterates GBX 7,900 Price Target for Reckitt Benckiser Group (RB)

Reckitt Benckiser Group (LON:RB) received a GBX 7,900 ($109.15) price target from stock analysts at Berenberg Bank in a report released on Friday, January 19th. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 24.94% from the stock’s current price.

RB has been the subject of a number of other reports. Goldman Sachs Group dropped their price target on shares of Reckitt Benckiser Group from GBX 8,130 ($112.32) to GBX 7,920 ($109.42) and set a “neutral” rating for the company in a research report on Thursday, September 21st. Liberum Capital reiterated a “buy” rating and issued a GBX 8,000 ($110.53) price target on shares of Reckitt Benckiser Group in a research report on Monday, January 15th. Credit Suisse Group restated an “outperform” rating and set a GBX 7,700 ($106.38) price objective on shares of Reckitt Benckiser Group in a research report on Friday, October 13th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 6,900 ($95.33) price objective on shares of Reckitt Benckiser Group in a research report on Wednesday, October 18th. Finally, Whitman Howard restated a “buy” rating and set a GBX 9,000 ($124.34) price objective on shares of Reckitt Benckiser Group in a research report on Monday, October 16th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the stock. Reckitt Benckiser Group presently has a consensus rating of “Hold” and a consensus target price of GBX 7,582.61 ($104.76).

Shares of Reckitt Benckiser Group (LON:RB) traded down GBX 61 ($0.84) during trading hours on Friday, hitting GBX 6,323 ($87.36). The stock had a trading volume of 1,273,562 shares, compared to its average volume of 1,160,000. Reckitt Benckiser Group has a 12 month low of GBX 6,271 ($86.64) and a 12 month high of GBX 8,110.43 ($112.05). The company has a market capitalization of $44,520.00 and a PE ratio of 2,114.72.

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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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