Jefferies Financial Group Boosts Reckitt Benckiser Group (LON:RB) Price Target to GBX 7,100

Reckitt Benckiser Group (LON:RB) had its price target hoisted by Jefferies Financial Group from GBX 6,600 ($81.22) to GBX 7,100 ($87.37) in a report published on Wednesday, Stock Target Advisor reports. The brokerage currently has a hold rating on the stock.

Several other equities research analysts have also commented on RB. Deutsche Bank reiterated a buy rating and set a GBX 8,400 ($103.37) price objective on shares of Reckitt Benckiser Group in a research note on Wednesday. Berenberg Bank increased their price objective on Reckitt Benckiser Group from GBX 8,000 ($98.45) to GBX 9,000 ($110.76) and gave the stock a buy rating in a research report on Wednesday. HSBC reiterated a buy rating and issued a GBX 8,300 ($102.14) price objective on shares of Reckitt Benckiser Group in a research report on Monday, July 20th. Goldman Sachs Group reiterated a neutral rating on shares of Reckitt Benckiser Group in a research report on Wednesday, July 1st. Finally, UBS Group reiterated a buy rating and issued a GBX 8,400 ($103.37) price objective on shares of Reckitt Benckiser Group in a research report on Monday, July 27th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of GBX 7,655.56 ($94.21).

LON:RB opened at GBX 7,706 ($94.83) on Wednesday. Reckitt Benckiser Group has a 12 month low of GBX 73.44 ($0.90) and a 12 month high of GBX 8,191.30 ($100.80). The stock has a 50 day moving average of GBX 7,441.20 and a two-hundred day moving average of GBX 6,629.16. The company has a current ratio of 0.56, a quick ratio of 0.40 and a debt-to-equity ratio of 130.80. The firm has a market cap of $54.80 billion and a P/E ratio of -14.83.

The business also recently disclosed a dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Thursday, August 20th will be paid a GBX 73 ($0.90) dividend. This represents a dividend yield of 0.94%. The ex-dividend date is Thursday, August 20th. Reckitt Benckiser Group’s payout ratio is currently -39.06%.

In other Reckitt Benckiser Group news, insider Nicandro Durante purchased 165 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were bought at an average cost of GBX 6,884 ($84.72) per share, for a total transaction of £11,358.60 ($13,978.10).

Reckitt Benckiser Group Company Profile

Reckitt Benckiser Group plc manufactures, markets, and sells health, hygiene, and home products. The company offers acne treatment creams, facial washes, and cleansing pads; disinfection, hygiene, and first aid products; condoms, sex toys, and lubricants; heartburn and indigestion solutions; and cough and chest congestion, multi-symptom, and sinus remedies for adults and children under the Clearasil, Dettol, Durex, Gaviscon, and Mucinex brands.

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Analyst Recommendations for Reckitt Benckiser Group (LON:RB)

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