Reckitt Benckiser Group Plc (RB) Price Target Raised to GBX 7,250

Reckitt Benckiser Group Plc (LON:RB) had its price objective hoisted by J P Morgan Chase & Co from GBX 6,750 ($85.39) to GBX 7,250 ($91.71) in a report issued on Monday, May 15th, StockTargetPrices.com reports. They currently have a neutral rating on the stock.

Other analysts have also recently issued reports about the company. Numis Securities Ltd raised Reckitt Benckiser Group Plc to an add rating and set a GBX 8,000 ($101.20) target price for the company in a research report on Tuesday, February 7th. Whitman Howard reissued a buy rating and issued a GBX 9,000 ($113.85) target price on shares of Reckitt Benckiser Group Plc in a research report on Friday, February 10th. Liberum Capital reissued a buy rating and issued a GBX 7,650 ($96.77) target price on shares of Reckitt Benckiser Group Plc in a research report on Friday, February 10th. Kepler Capital Markets reaffirmed a buy rating and set a GBX 8,500 ($107.53) price objective on shares of Reckitt Benckiser Group Plc in a research report on Wednesday, February 8th. Finally, Deutsche Bank AG set a GBX 7,500 ($94.88) price objective on Reckitt Benckiser Group Plc and gave the stock a buy rating in a research report on Tuesday, January 17th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of GBX 8,041.36 ($101.73).

Reckitt Benckiser Group Plc (LON RB) traded up 0.83% during mid-day trading on Monday, reaching GBX 7925.00. 2,354,588 shares of the company traded hands. The firm’s market capitalization is GBX 55.48 billion. Reckitt Benckiser Group Plc has a 12-month low of GBX 6,496.00 and a 12-month high of GBX 8,110.43. The company’s 50 day moving average price is GBX 7,630.61 and its 200 day moving average price is GBX 7,186.61.

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In other Reckitt Benckiser Group Plc news, insider Rakesh Kapoor sold 58,094 shares of Reckitt Benckiser Group Plc stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of GBX 7,150 ($90.45), for a total value of £4,153,721 ($5,254,549.02). Also, insider Adrian Bellamy bought 554 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was bought at an average price of GBX 7,607 ($96.23) per share, with a total value of £42,142.78 ($53,311.55).

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, DvM and Food. 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).

Stock Target Prices

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