Kepler Capital Markets Reiterates Buy Rating for Reckitt Benckiser Group Plc (RB)

Kepler Capital Markets reaffirmed their buy rating on shares of Reckitt Benckiser Group Plc (LON:RB) in a research note issued to investors on Thursday, July 6th. The brokerage currently has a GBX 8,100 ($106.85) price target on the stock.

RB has been the topic of a number of other reports. Jefferies Group LLC lowered Reckitt Benckiser Group Plc to a hold rating and boosted their price objective for the company from GBX 7,750 ($102.23) to GBX 8,400 ($110.80) in a research note on Thursday, July 6th. Liberum Capital reiterated a buy rating and set a GBX 8,150 ($107.51) price objective on shares of Reckitt Benckiser Group Plc in a research note on Thursday, July 6th. Whitman Howard reiterated a buy rating and set a GBX 9,000 ($118.72) price objective on shares of Reckitt Benckiser Group Plc in a research note on Tuesday, July 4th. Berenberg Bank reiterated a buy rating and set a GBX 8,500 ($112.12) price objective on shares of Reckitt Benckiser Group Plc in a research note on Tuesday, July 4th. Finally, J P Morgan Chase & Co reiterated a neutral rating on shares of Reckitt Benckiser Group Plc in a research note on Friday, June 30th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 8,129.38 ($107.23).

Reckitt Benckiser Group Plc (LON:RB) traded up 0.68% during mid-day trading on Thursday, hitting GBX 7507.00. The stock had a trading volume of 551,844 shares. 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 stock’s market capitalization is GBX 52.81 billion. The company’s 50 day moving average is GBX 7,734.95 and its 200-day moving average is GBX 7,424.86.

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The business also recently announced a dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 17th will be issued a dividend of GBX 66.60 ($0.88) per share. This represents a yield of 0.87%. The ex-dividend date of this dividend is Thursday, August 17th.

In related news, insider Adrian Bellamy bought 554 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The stock was bought at an average cost of GBX 7,607 ($100.34) per share, for a total transaction of £42,142.78 ($55,590.00).

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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