J P Morgan Chase & Co Lowers Reckitt Benckiser Group Plc (RB) Price Target to GBX 6,900

Reckitt Benckiser Group Plc (LON:RB) had its price target decreased by equities research analysts at J P Morgan Chase & Co from GBX 7,200 ($92.99) to GBX 6,900 ($89.11) in a research report issued to clients and investors on Friday. The brokerage presently has a “neutral” rating on the stock. J P Morgan Chase & Co’s price objective indicates a potential upside of 1.85% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Jefferies Group LLC cut shares of Reckitt Benckiser Group Plc to a “hold” rating and raised their price objective for the company from GBX 7,750 ($100.09) to GBX 8,400 ($108.49) in a research report on Thursday, July 6th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 8,150 ($105.26) target price on shares of Reckitt Benckiser Group Plc in a research note on Wednesday, July 19th. Kepler Capital Markets reaffirmed a “buy” rating and issued a GBX 8,100 ($104.61) target price on shares of Reckitt Benckiser Group Plc in a research note on Tuesday, July 18th. Investec reissued a “sell” rating and set a GBX 7,425 ($95.89) price objective on shares of Reckitt Benckiser Group Plc in a research note on Monday, July 24th. Finally, Deutsche Bank AG reissued a “buy” rating and set a GBX 8,500 ($109.78) price objective on shares of Reckitt Benckiser Group Plc in a research note on Monday, June 19th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 8,026.30 ($103.66).

Shares of Reckitt Benckiser Group Plc (LON:RB) opened at 6775.00 on Friday. The company’s market cap is GBX 47.66 billion. Reckitt Benckiser Group Plc has a 12 month low of GBX 6,496.00 and a 12 month high of GBX 8,110.43. The company’s 50 day moving average is GBX 7,291.89 and its 200-day moving average is GBX 7,483.10.

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About Reckitt Benckiser Group Plc

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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