JPMorgan Chase & Co. Reaffirms Overweight Rating for Reckitt Benckiser Group (LON:RB)
Several other equities research analysts have also recently weighed in on the company. Morgan Stanley restated an overweight rating and set a GBX 6,800 ($89.45) target price on shares of Reckitt Benckiser Group in a report on Sunday, February 9th. Berenberg Bank restated a buy rating and set a GBX 7,150 ($94.05) target price on shares of Reckitt Benckiser Group in a report on Monday, January 13th. UBS Group dropped their target price on Reckitt Benckiser Group from GBX 6,200 ($81.56) to GBX 6,100 ($80.24) and set a neutral rating for the company in a report on Friday, January 10th. Credit Suisse Group restated a sell rating and set a GBX 5,550 ($73.01) target price on shares of Reckitt Benckiser Group in a report on Wednesday, January 15th. Finally, Barclays increased their target price on Reckitt Benckiser Group from GBX 7,000 ($92.08) to GBX 7,400 ($97.34) and gave the company an overweight rating in a report on Thursday, January 30th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of GBX 6,598.24 ($86.80).
Shares of RB stock opened at GBX 6,445 ($84.78) on Monday. The stock has a market capitalization of $46.08 billion and a PE ratio of 32.35. Reckitt Benckiser Group has a 1-year low of GBX 5,510 ($72.48) and a 1-year high of GBX 6,744 ($88.71). The business has a 50-day moving average of GBX 6,251.32 and a 200 day moving average of GBX 6,145.93. The company has a debt-to-equity ratio of 85.08, a current ratio of 0.59 and a quick ratio of 0.43.
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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