Reckitt Benckiser Group Plc (RB) Receives “Hold” Rating from Shore Capital

Shore Capital reissued their hold rating on shares of Reckitt Benckiser Group Plc (LON:RB) in a research note published on Wednesday morning, MarketBeat.com reports.

RB has been the subject of a number of other research reports. Jefferies Group LLC reaffirmed a buy rating and set a GBX 8,000 ($104.47) target price on shares of Reckitt Benckiser Group Plc in a report on Friday, April 28th. J P Morgan Chase & Co reaffirmed a neutral rating on shares of Reckitt Benckiser Group Plc in a report on Monday, March 27th. Barclays PLC reaffirmed an equal weight rating and set a GBX 7,230 ($94.41) target price on shares of Reckitt Benckiser Group Plc in a report on Friday, March 31st. Liberum Capital reaffirmed a buy rating and set a GBX 7,650 ($99.90) target price on shares of Reckitt Benckiser Group Plc in a report on Thursday, March 23rd. Finally, Kepler Capital Markets reaffirmed a buy rating and set a GBX 8,100 ($105.77) target price on shares of Reckitt Benckiser Group Plc in a report on Tuesday. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have assigned a buy rating to the company. Reckitt Benckiser Group Plc has an average rating of Hold and a consensus target price of GBX 8,194.40 ($107.00).

Shares of Reckitt Benckiser Group Plc (LON:RB) opened at 7881.00 on Wednesday. The firm’s market cap is GBX 55.17 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 stock’s 50 day moving average price is GBX 7,846.38 and its 200-day moving average price is GBX 7,378.38.

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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 on Friday, May 5th. The shares were sold at an average price of GBX 7,150 ($93.37), for a total value of £4,153,721 ($5,424,028.47). Also, insider Adrian Bellamy purchased 554 shares of the stock in a transaction on Friday, May 19th. The stock was acquired at an average price of GBX 7,607 ($99.33) per share, for a total transaction of £42,142.78 ($55,031.05).

Reckitt Benckiser Group Plc Company Profile

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).

Analyst Recommendations for Reckitt Benckiser Group Plc (LON:RB)

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