Jefferies Group restated their hold rating on shares of Reckitt Benckiser Group (LON:RB) in a research report sent to investors on Monday, February 19th. The firm currently has a GBX 6,650 ($91.88) target price on the stock.
Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. set a GBX 7,500 ($103.62) target price on shares of Reckitt Benckiser Group and gave the company a buy rating in a research note on Wednesday, January 3rd. Liberum Capital reiterated a buy rating and issued a GBX 8,000 ($110.53) target price on shares of Reckitt Benckiser Group in a research note on Tuesday, December 19th. Morgan Stanley set a GBX 9,000 ($124.34) price target on shares of Reckitt Benckiser Group and gave the company a buy rating in a report on Tuesday, January 9th. Citigroup set a GBX 7,900 ($109.15) price target on shares of Reckitt Benckiser Group and gave the company a buy rating in a report on Tuesday, January 16th. Finally, Berenberg Bank set a GBX 7,900 ($109.15) price target on shares of Reckitt Benckiser Group and gave the company a buy rating in a report on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company’s stock. Reckitt Benckiser Group presently has an average rating of Hold and a consensus target price of GBX 7,190 ($99.34).
Reckitt Benckiser Group (LON RB) traded down GBX 16 ($0.22) during trading on Monday, hitting GBX 5,649 ($78.05). 1,502,807 shares of the stock were exchanged, compared to its average volume of 1,700,000. Reckitt Benckiser Group has a one year low of GBX 5,608 ($77.48) and a one year high of GBX 8,110.43 ($112.05). The firm has a market cap of $39,820.00 and a P/E ratio of 2,054.18.
The firm also recently declared a dividend, which will be paid on Thursday, May 24th. Stockholders of record on Thursday, April 12th will be issued a dividend of GBX 97.70 ($1.35) per share. This represents a dividend yield of 1.65%. The ex-dividend date of this dividend is Thursday, April 12th. This is a positive change from Reckitt Benckiser Group’s previous dividend of $66.60.
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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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