Trade Report: The Reckitt Benckiser Group Plc (RB) PT Raised to GBX 8,000

The Reckitt Benckiser Group Plc (RB) PT Raised to GBX 8,000

Reckitt Benckiser Group Plc (LON:RB) had its price objective boosted by equities researchers at Credit Suisse Group AG from GBX 7,950 ($98.39) to GBX 8,000 ($99.01) in a research note issued to investors on Tuesday. The firm presently has an “outperform” rating on the stock. Credit Suisse Group AG’s target price suggests a potential upside of 8.89% from the company’s current price.

RB has been the topic of several other research reports. Liberum Capital reaffirmed a “buy” rating and set a GBX 8,400 ($103.96) price objective on shares of Reckitt Benckiser Group Plc in a research report on Monday, July 11th. BNP Paribas set a GBX 7,800 ($96.53) price objective on shares of Reckitt Benckiser Group Plc and gave the company a “neutral” rating in a research report on Wednesday, September 7th. Sanford C. Bernstein set a GBX 8,750 ($108.29) price objective on shares of Reckitt Benckiser Group Plc and gave the company a “buy” rating in a research report on Monday, August 22nd. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Reckitt Benckiser Group Plc in a research report on Monday, June 13th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Reckitt Benckiser Group Plc in a research report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the stock. Reckitt Benckiser Group Plc presently has an average rating of “Hold” and a consensus target price of GBX 7,639.08 ($94.54).

Reckitt Benckiser Group Plc (LON:RB) opened at 7324.00 on Tuesday. The stock’s market capitalization is GBX 51.64 billion. The stock has a 50 day moving average of GBX 7,289.92 and a 200 day moving average of GBX 7,109.24. Reckitt Benckiser Group Plc has a 52 week low of GBX 5,839.08 and a 52 week high of GBX 7,786.00.

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