Reckitt Benckiser Group Plc (RB) Given a £100 Price Target at Morgan Stanley

Morgan Stanley set a £100 ($131.48) price target on Reckitt Benckiser Group Plc (LON:RB) in a research report sent to investors on Wednesday. The firm currently has a buy rating on the stock.

RB has been the subject of a number of other reports. Kepler Capital Markets decreased their price objective on Reckitt Benckiser Group Plc from GBX 7,800 ($102.55) to GBX 7,300 ($95.98) and set a hold rating for the company in a research report on Monday. Investec decreased their price objective on Reckitt Benckiser Group Plc from GBX 7,150 ($94.00) to GBX 6,400 ($84.14) and set a sell rating for the company in a research report on Friday, October 6th. Jefferies Group LLC lowered Reckitt Benckiser Group Plc to a hold rating and raised their price objective for the stock from GBX 7,750 ($101.89) to GBX 8,400 ($110.44) in a research report on Thursday, July 6th. Liberum Capital restated a buy rating and set a GBX 8,700 ($114.38) price objective on shares of Reckitt Benckiser Group Plc in a research report on Wednesday, August 30th. Finally, BNP Paribas set a GBX 7,700 ($101.24) price objective on Reckitt Benckiser Group Plc and gave the stock a neutral rating in a research report on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of GBX 7,950.87 ($104.53).

Reckitt Benckiser Group Plc (LON:RB) traded up 1.82% on Wednesday, reaching GBX 7166.00. 1,219,026 shares of the company’s stock were exchanged. 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 firm’s 50 day moving average is GBX 7,019.24 and its 200 day moving average is GBX 7,419.15. The stock’s market capitalization is GBX 50.41 billion.

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The firm also recently declared a dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, August 17th were given a GBX 66.60 ($0.88) dividend. This represents a yield of 0.87%. The ex-dividend date was Thursday, August 17th.

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 and DvM. 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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