Reckitt Benckiser Group (LON:RB) Price Target Increased to GBX 7,100 by Analysts at Jefferies Financial Group

Reckitt Benckiser Group (LON:RB) had its target price raised by Jefferies Financial Group from GBX 6,600 ($81.22) to GBX 7,100 ($87.37) in a report issued on Wednesday morning, Stock Target Advisor reports. The brokerage currently has a hold rating on the stock.

A number of other brokerages also recently issued reports on RB. Deutsche Bank reaffirmed a buy rating and set a GBX 8,400 ($103.37) price target on shares of Reckitt Benckiser Group in a report on Wednesday. DZ Bank upped their price target on Reckitt Benckiser Group from GBX 7,100 ($87.37) to GBX 7,800 ($95.99) and gave the company a buy rating in a report on Thursday, May 28th. Citigroup reaffirmed a buy rating and set a GBX 8,200 ($100.91) price target (up from GBX 7,200 ($88.60)) on shares of Reckitt Benckiser Group in a report on Tuesday, June 30th. CSFB reaffirmed a neutral rating on shares of Reckitt Benckiser Group in a report on Thursday, April 30th. Finally, Morgan Stanley reissued a buy rating on shares of Reckitt Benckiser Group in a report on Wednesday, July 8th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the stock. Reckitt Benckiser Group has an average rating of Buy and a consensus price target of GBX 7,655.56 ($94.21).

Shares of LON:RB opened at GBX 7,706 ($94.83) on Wednesday. The company has a market cap of $54.80 billion and a P/E ratio of -15.03. The company has a debt-to-equity ratio of 130.80, a current ratio of 0.56 and a quick ratio of 0.40. Reckitt Benckiser Group has a 1 year low of GBX 73.44 ($0.90) and a 1 year high of GBX 8,191.30 ($100.80). The stock’s fifty day moving average price is GBX 7,441.20 and its 200-day moving average price is GBX 6,629.16.

The business also recently disclosed a dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Thursday, August 20th will be given a dividend of GBX 73 ($0.90) per share. The ex-dividend date is Thursday, August 20th. This represents a dividend yield of 0.94%. Reckitt Benckiser Group’s payout ratio is currently -39.06%.

In other Reckitt Benckiser Group news, insider Nicandro Durante bought 165 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were bought at an average price of GBX 6,884 ($84.72) per share, with a total value of £11,358.60 ($13,978.10).

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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