Reckitt Benckiser Group (LON:RB) had its price objective reduced by BNP Paribas from GBX 7,400 ($102.24) to GBX 7,200 ($99.47) in a research note released on Wednesday, January 31st. They currently have a neutral rating on the stock.
A number of other analysts have also recently weighed in on the company. JPMorgan Chase & Co. raised Reckitt Benckiser Group to an overweight rating and boosted their price target for the stock from GBX 6,900 ($95.33) to GBX 7,500 ($103.62) in a research report on Wednesday, November 22nd. Liberum Capital reduced their price target on Reckitt Benckiser Group from GBX 8,700 ($120.20) to GBX 8,000 ($110.53) and set a buy rating for the company in a research report on Wednesday, October 25th. Royal Bank of Canada set a GBX 5,600 ($77.37) price objective on Reckitt Benckiser Group and gave the stock a sell rating in a research report on Friday, October 20th. Morgan Stanley set a £100 ($138.16) price objective on Reckitt Benckiser Group and gave the stock a buy rating in a research report on Wednesday, October 11th. Finally, Deutsche Bank reissued 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. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of GBX 7,582.61 ($104.76).
Shares of Reckitt Benckiser Group (LON:RB) opened at GBX 6,323 ($87.36) on Wednesday. The stock has a market capitalization of $44,500.00 and a price-to-earnings ratio of 2,114.72. 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).
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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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