Reckitt Benckiser Group Plc (RB) Given Buy Rating at Kepler Capital Markets

Reckitt Benckiser Group Plc (LON:RB)‘s stock had its “buy” rating reissued by stock analysts at Kepler Capital Markets in a research report issued to clients and investors on Monday. They presently have a GBX 8,100 ($105.77) price objective on the stock. Kepler Capital Markets’ price target indicates a potential upside of 2.78% from the company’s previous close.

Several other research analysts have also issued reports on the stock. Independent Research GmbH set a GBX 8,500 ($111.00) target price on shares of Reckitt Benckiser Group Plc and gave the stock a “neutral” rating in a research report on Thursday. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 7,300 ($95.33) target price on shares of Reckitt Benckiser Group Plc in a research report on Thursday. S&P Global set a GBX 8,000 ($104.47) target price on shares of Reckitt Benckiser Group Plc and gave the stock a “neutral” rating in a research report on Thursday. Beaufort Securities upgraded shares of Reckitt Benckiser Group Plc to a “hold” rating and set a GBX 8,000 ($104.47) target price for the company in a research report on Thursday. Finally, Liberum Capital reiterated a “buy” rating and issued a GBX 8,150 ($106.42) target price on shares of Reckitt Benckiser Group Plc in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 8,194.40 ($107.00).

Shares of Reckitt Benckiser Group Plc (LON RB) opened at 7739.00 on Monday. The company’s 50 day moving average price is GBX 7,846.38 and its 200 day moving average price is GBX 7,378.38. The firm’s market cap is GBX 54.18 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.

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In related news, insider Adrian Bellamy purchased 554 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was bought at an average cost of GBX 7,607 ($99.33) per share, with a total value of £42,142.78 ($55,031.05). Also, insider Rakesh Kapoor sold 58,094 shares of the stock in a transaction dated Friday, May 5th. The stock was sold at an average price of GBX 7,150 ($93.37), for a total transaction of £4,153,721 ($5,424,028.47).

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).

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