Brokerages Set Reckitt Benckiser Group Plc (RB) Price Target at $7,762.27

Shares of Reckitt Benckiser Group Plc (LON:RB) have been given a consensus recommendation of “Hold” by the twenty-three brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 7,762.27 ($104.47).

A number of research firms recently issued reports on RB. Goldman Sachs Group reduced their price objective on Reckitt Benckiser Group from GBX 8,130 ($109.42) to GBX 7,920 ($106.59) and set a “neutral” rating for the company in a research report on Thursday, September 21st. Societe Generale set a GBX 7,800 ($104.98) price objective on Reckitt Benckiser Group and gave the company a “neutral” rating in a research report on Tuesday, September 5th. Credit Suisse Group restated an “outperform” rating and set a GBX 7,700 ($103.63) price objective on shares of Reckitt Benckiser Group in a research report on Friday, October 13th. J P Morgan Chase & Co restated a “neutral” rating and set a GBX 6,900 ($92.87) 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 ($121.13) price objective on shares of Reckitt Benckiser Group in a research report on Monday, October 16th.

Reckitt Benckiser Group (LON:RB) traded up GBX 132 ($1.78) during trading hours on Friday, reaching GBX 6,551 ($88.17). The company had a trading volume of 1,520,000 shares, compared to its average volume of 1,610,000. Reckitt Benckiser Group has a twelve month low of GBX 6,299 ($84.78) and a twelve month high of GBX 8,110.43 ($109.16).

In related news, insider Adrian Nevil Hennah bought 2,285 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were bought at an average cost of GBX 6,567 ($88.38) per share, with a total value of £150,055.95 ($201,959.56). Also, insider Christopher Sinclair bought 2,800 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were bought at an average cost of GBX 6,597 ($88.79) per share, for a total transaction of £184,716 ($248,608.34).

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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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