Reckitt Benckiser Group Plc (LON:RB) Earns “Buy” Rating from Kepler Capital Markets

Kepler Capital Markets reaffirmed their buy rating on shares of Reckitt Benckiser Group Plc (LON:RB) in a research note released on Monday. Kepler Capital Markets currently has a GBX 8,100 ($105.52) target price on the stock.

Several other analysts have also recently issued reports on the company. Numis Securities Ltd restated an add rating and set a GBX 8,000 ($104.22) price objective on shares of Reckitt Benckiser Group Plc in a research note on Monday, April 24th. Berenberg Bank restated a buy rating and set a GBX 8,500 ($110.73) price objective on shares of Reckitt Benckiser Group Plc in a research note on Wednesday, April 12th. Liberum Capital restated a buy rating and set a GBX 7,650 ($99.66) price objective on shares of Reckitt Benckiser Group Plc in a research note on Friday, April 21st. Whitman Howard restated a buy rating and set a GBX 9,000 ($117.25) price objective on shares of Reckitt Benckiser Group Plc in a research note on Friday, April 21st. Finally, Jefferies Group LLC restated a buy rating and set a GBX 8,000 ($104.22) price objective on shares of Reckitt Benckiser Group Plc in a research note on Friday, March 31st. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of GBX 8,147.50 ($106.14).

Reckitt Benckiser Group Plc (LON:RB) opened at 7544.00 on Monday. Reckitt Benckiser Group Plc has a 1-year low of GBX 6,496.00 and a 1-year high of GBX 8,110.43. The company’s 50-day moving average price is GBX 7,803.98 and its 200-day moving average price is GBX 7,397.14. The stock’s market cap is GBX 52.81 billion.

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

In related news, insider Adrian Bellamy purchased 554 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were acquired at an average cost of GBX 7,607 ($99.10) per share, for a total transaction of £42,142.78 ($54,902.01). Also, insider Rakesh Kapoor sold 58,094 shares of the stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of GBX 7,150 ($93.15), for a total value of £4,153,721 ($5,411,309.28).

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).

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

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