Published On: Sat, Sep 10th, 2016

Societe Generale Reiterates “Buy” Rating for Reckitt Benckiser Group Plc (RB)

Reckitt Benckiser Group Plc (LON:RB)‘s stock had its “buy” rating reaffirmed by Societe Generale in a note issued to investors on Friday.
Several other analysts also recently commented on RB. Kepler Capital Markets reduced their target price on shares of Reckitt Benckiser Group Plc from GBX 7,500 ($99.89) to GBX 7,425 ($98.89) and set a “buy” rating for the company in a report on Wednesday, June 29th. HSBC reaffirmed a “buy” rating and set a GBX 8,100 ($107.88) target price on shares of Reckitt Benckiser Group Plc in a report on Thursday, June 30th. Liberum Capital reaffirmed a “buy” rating and set a GBX 8,000 ($106.55) target price on shares of Reckitt Benckiser Group Plc in a report on Tuesday, July 5th. Credit Suisse Group AG set a GBX 7,950 ($105.89) target price on shares of Reckitt Benckiser Group Plc and gave the stock a “buy” rating in a report on Monday, July 18th. Finally, Commerzbank AG set a GBX 8,500 ($113.21) target price on shares of Reckitt Benckiser Group Plc and gave the stock a “buy” rating in a report on Thursday, July 21st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 7,565.12 ($100.76).
Shares of Reckitt Benckiser Group Plc (LON:RB) traded down 2.42% during mid-day trading on Friday, reaching GBX 7181.00. 1,243,899 shares of the company’s stock traded hands. The firm has a 50 day moving average price of GBX 7,422.14 and a 200-day moving average price of GBX 6,999.87. Reckitt Benckiser Group Plc has a 12 month low of GBX 5,621.00 and a 12 month high of GBX 7,786.00. The stock’s market cap is GBX 50.63 billion.

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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).

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