Jefferies Group LLC Trims Reckitt Benckiser Group Plc (RB) Target Price to GBX 6,650

Reckitt Benckiser Group Plc (LON:RB) had its price objective trimmed by Jefferies Group LLC from GBX 7,500 ($99.65) to GBX 6,650 ($88.36) in a report issued on Thursday, MarketBeat reports. The firm currently has a hold rating on the stock.

A number of other analysts have also commented on RB. Investec reduced their target price on Reckitt Benckiser Group Plc from GBX 7,150 ($95.00) to GBX 6,400 ($85.04) and set a sell rating for the company in a report on Friday, October 6th. Liberum Capital reissued a buy rating and issued a GBX 8,150 ($108.29) target price on shares of Reckitt Benckiser Group Plc in a report on Wednesday, July 19th. J P Morgan Chase & Co set a GBX 6,900 ($91.68) target price on Reckitt Benckiser Group Plc and gave the stock a neutral rating in a report on Thursday, September 28th. Kepler Capital Markets reissued a buy rating and issued a GBX 8,100 ($107.63) target price on shares of Reckitt Benckiser Group Plc in a report on Tuesday, July 18th. Finally, S&P Global set a GBX 8,000 ($106.30) target price on Reckitt Benckiser Group Plc and gave the stock a neutral rating in a report on Thursday, July 20th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of GBX 7,800.91 ($103.65).

Shares of Reckitt Benckiser Group Plc (LON RB) traded down 2.65% during midday trading on Thursday, reaching GBX 6610.00. The company had a trading volume of 2,263,936 shares. Reckitt Benckiser Group Plc has a one year low of GBX 6,496.00 and a one year high of GBX 8,110.43. The company has a 50-day moving average price of GBX 6,948.11 and a 200 day moving average price of GBX 7,401.60. The company’s market capitalization is GBX 46.50 billion.

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The business also recently announced a dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, August 17th were given a dividend of GBX 66.60 ($0.88) per share. The ex-dividend date was Thursday, August 17th. This represents a yield of 0.87%.

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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