Reckitt Benckiser Group (LON:RB) PT Lowered to GBX 6,000

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Reckitt Benckiser Group (LON:RB) had its target price decreased by research analysts at DZ Bank from GBX 6,500 ($84.93) to GBX 6,000 ($78.40) in a research report issued on Thursday, October 31st, ThisIsMoney.Co.Uk reports. The firm currently has a “hold” rating on the stock. DZ Bank’s target price points to a potential upside of 1.52% from the company’s previous close.

A number of other research firms have also recently weighed in on RB. Bryan, Garnier & Co reaffirmed a “neutral” rating and set a GBX 6,870 ($89.77) price target (up previously from GBX 6,800 ($88.85)) on shares of Reckitt Benckiser Group in a report on Tuesday, July 30th. Barclays cut their price target on Reckitt Benckiser Group from GBX 7,500 ($98.00) to GBX 6,700 ($87.55) and set an “overweight” rating on the stock in a report on Thursday, October 24th. Deutsche Bank reaffirmed a “buy” rating on shares of Reckitt Benckiser Group in a report on Wednesday, October 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Reckitt Benckiser Group in a report on Monday, July 15th. Finally, Sanford C. Bernstein set a GBX 7,600 ($99.31) price target on Reckitt Benckiser Group and gave the company a “buy” rating in a report on Friday, October 18th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 6,803.89 ($88.90).

LON RB traded down GBX 49 ($0.64) during trading hours on Thursday, reaching GBX 5,910 ($77.22). The company’s stock had a trading volume of 716,737 shares, compared to its average volume of 1,720,000. The company has a current ratio of 0.59, a quick ratio of 0.43 and a debt-to-equity ratio of 85.08. The business has a 50-day simple moving average of GBX 6,094.38 and a 200 day simple moving average of GBX 6,236.48. Reckitt Benckiser Group has a 52 week low of GBX 5,510 ($72.00) and a 52 week high of GBX 6,778 ($88.57). The stock has a market cap of $42.03 billion and a PE ratio of 29.67.

In other Reckitt Benckiser Group news, insider Warren Tucker acquired 580 shares of Reckitt Benckiser Group stock in a transaction that occurred on Friday, October 25th. The stock was acquired at an average price of GBX 5,810 ($75.92) per share, with a total value of £33,698 ($44,032.41). Also, insider Adrian Nevil Hennah sold 81,063 shares of Reckitt Benckiser Group stock in a transaction on Thursday, August 29th. The shares were sold at an average price of GBX 6,399 ($83.61), for a total transaction of £5,187,221.37 ($6,778,023.48).

About Reckitt Benckiser Group

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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