Reckitt Benckiser Group (LON:RB) has been assigned a GBX 7,500 ($103.62) target price by stock analysts at JPMorgan Chase & Co. in a report issued on Monday. The brokerage currently has a “buy” rating on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 26.52% from the company’s current price.
Several other equities research analysts have also issued reports on RB. Liberum Capital decreased their target price 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. UBS Group set a GBX 7,000 ($96.71) target price on Reckitt Benckiser Group and gave the company a “neutral” rating in a research report on Wednesday, November 1st. Barclays reaffirmed an “equal weight” rating and set a GBX 6,600 ($91.19) target price (down from GBX 7,100 ($98.09)) on shares of Reckitt Benckiser Group in a research report on Monday, November 27th. Goldman Sachs Group set a GBX 7,070 ($97.68) target price on Reckitt Benckiser Group and gave the company a “neutral” rating in a research report on Monday, December 11th. Finally, Kepler Capital Markets cut their price target on Reckitt Benckiser Group from GBX 7,300 ($100.86) to GBX 7,000 ($96.71) and set a “hold” rating for the company in a research note on Monday, January 8th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 7,310.87 ($101.01).
Shares of Reckitt Benckiser Group (LON RB) opened at GBX 5,928 ($81.90) on Monday. Reckitt Benckiser Group has a 12-month low of GBX 5,881 ($81.25) and a 12-month high of GBX 8,110.43 ($112.05). The stock has a market capitalization of $41,750.00 and a price-to-earnings ratio of 2,155.64.
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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).
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