JPMorgan Chase & Co. Analysts Give Reckitt Benckiser Group (RB) a GBX 7,500 Price Target

JPMorgan Chase & Co. set a GBX 7,500 ($100.28) target price on Reckitt Benckiser Group (LON:RB) in a report issued on Wednesday morning. The brokerage currently has a buy rating on the stock.

Several other analysts also recently weighed in on RB. Societe Generale set a GBX 7,800 ($104.29) price target on shares of Reckitt Benckiser Group and gave the company a neutral rating in a research note on Tuesday, September 5th. BNP Paribas set a GBX 7,700 ($102.95) price target on shares of Reckitt Benckiser Group and gave the company a neutral rating in a research note on Tuesday, September 5th. Jefferies Group decreased their price target on shares of Reckitt Benckiser Group from GBX 8,150 ($108.97) to GBX 7,500 ($100.28) and set a hold rating for the company in a research note on Friday, September 15th. Goldman Sachs Group decreased their price target on shares of Reckitt Benckiser Group from GBX 8,130 ($108.70) to GBX 7,920 ($105.90) and set a neutral rating for the company in a research note on Thursday, September 21st. Finally, Morgan Stanley reaffirmed an overweight rating and set a £100 ($133.71) price target on shares of Reckitt Benckiser Group in a research note on Thursday, September 21st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. Reckitt Benckiser Group currently has an average rating of Hold and an average target price of GBX 7,723.64 ($103.27).

Shares of Reckitt Benckiser Group (LON:RB) opened at GBX 6,841 ($91.47) on Wednesday. Reckitt Benckiser Group has a 12 month low of GBX 6,299 ($84.22) and a 12 month high of GBX 8,110.43 ($108.44). The firm has a market cap of $47,560.00 and a P/E ratio of 2,287.96.

In related news, insider Adrian Nevil Hennah acquired 2,285 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were purchased at an average cost of GBX 6,567 ($87.81) per share, with a total value of £150,055.95 ($200,636.38). Also, insider Christopher Sinclair acquired 2,800 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were bought at an average cost of GBX 6,597 ($88.21) per share, for a total transaction of £184,716 ($246,979.54).

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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).

Analyst Recommendations for Reckitt Benckiser Group (LON:RB)

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