Reckitt Benckiser Group Plc (RB) Given Average Rating of “Hold” by Analysts

Reckitt Benckiser Group Plc (LON:RB) has received an average recommendation of “Hold” from the twenty-five research firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is GBX 8,129.38 ($105.87).

A number of brokerages have recently issued reports on RB. Whitman Howard restated a “buy” rating and set a GBX 9,000 ($117.20) price objective on shares of Reckitt Benckiser Group Plc in a report on Friday, April 21st. UBS AG set a GBX 7,300 ($95.06) price objective on Reckitt Benckiser Group Plc and gave the stock a “neutral” rating in a report on Tuesday, April 25th. J P Morgan Chase & Co boosted their price objective on Reckitt Benckiser Group Plc from GBX 7,250 ($94.41) to GBX 7,300 ($95.06) and gave the stock a “neutral” rating in a report on Tuesday, June 20th. Jefferies Group LLC set a GBX 8,200 ($106.78) price objective on Reckitt Benckiser Group Plc and gave the stock a “neutral” rating in a report on Friday, July 7th. Finally, Goldman Sachs Group, Inc. (The) set a GBX 8,130 ($105.87) price objective on Reckitt Benckiser Group Plc and gave the stock a “neutral” rating in a report on Monday, July 10th.

In related news, insider Adrian Bellamy purchased 554 shares of the stock in a transaction dated Friday, May 19th. The stock was bought at an average cost of GBX 7,607 ($99.06) per share, for a total transaction of £42,142.78 ($54,880.56).

Reckitt Benckiser Group Plc (LON RB) traded up 0.56% during trading on Friday, reaching GBX 7352.00. The company’s stock had a trading volume of 626,771 shares. The stock’s market cap is GBX 51.72 billion. The firm’s 50-day moving average is GBX 7,641.60 and its 200-day moving average is GBX 7,444.53. Reckitt Benckiser Group Plc has a 52-week low of GBX 6,496.00 and a 52-week high of GBX 8,110.43.

The business also recently declared a dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 17th will be issued a dividend of GBX 66.60 ($0.87) per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a dividend yield of 0.87%.

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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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