Reckitt Benckiser Group (LON:RB) Given a GBX 8,100 Price Target by Sanford C. Bernstein Analysts

Sanford C. Bernstein set a GBX 8,100 ($105.84) price objective on Reckitt Benckiser Group (LON:RB) in a report released on Wednesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also weighed in on RB. Liberum Capital restated a buy rating on shares of Reckitt Benckiser Group in a research report on Tuesday, July 30th. Shore Capital restated an under review rating on shares of Reckitt Benckiser Group in a research report on Tuesday, July 30th. Barclays restated an overweight rating on shares of Reckitt Benckiser Group in a research report on Tuesday, September 3rd. Societe Generale set a GBX 5,700 ($74.48) price objective on Reckitt Benckiser Group and gave the stock a sell rating in a research report on Thursday, August 1st. Finally, UBS Group set a GBX 6,500 ($84.93) price objective on Reckitt Benckiser Group and gave the stock a neutral rating in a research report on Wednesday, September 11th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of GBX 7,112.94 ($92.94).

Shares of RB stock opened at GBX 6,261 ($81.81) on Wednesday. The firm has a market capitalization of $44.39 billion and a P/E ratio of 31.43. Reckitt Benckiser Group has a twelve month low of GBX 5,559 ($72.64) and a twelve month high of GBX 7,174 ($93.74). The company has a quick ratio of 0.43, a current ratio of 0.59 and a debt-to-equity ratio of 85.08. The stock’s fifty day simple moving average is GBX 6,234.86 and its 200 day simple moving average is GBX 6,260.86.

The business also recently announced a dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, August 22nd will be issued a dividend of GBX 73 ($0.95) per share. This represents a yield of 1.13%. The ex-dividend date is Thursday, August 22nd. Reckitt Benckiser Group’s payout ratio is presently 0.73%.

In other Reckitt Benckiser Group news, insider Adrian Nevil Hennah sold 81,063 shares of Reckitt Benckiser Group stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of GBX 6,399 ($83.61), for a total transaction of £5,187,221.37 ($6,778,023.48).

About Reckitt Benckiser Group

Reckitt Benckiser Group plc manufactures, markets, and sells health, hygiene, and home products. The company offers acne treatment creams, facial washes, and cleansing pads; disinfection, hygiene, and first aid products; condoms, sex toys, and lubricants; heartburn and indigestion solutions; and cough and chest congestion, multi-symptom, and sinus remedies for adults and children under the Clearasil, Dettol, Durex, Gaviscon, and Mucinex brands.

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Analyst Recommendations for Reckitt Benckiser Group (LON:RB)

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