Reckitt Benckiser Group (LON:RB) Given New GBX 8,750 Price Target at DZ Bank

Reckitt Benckiser Group (LON:RB) had its target price raised by DZ Bank from GBX 7,800 ($95.99) to GBX 8,750 ($107.68) in a report released on Thursday morning, Stock Target Advisor reports. They currently have a buy rating on the stock.

Several other research analysts have also recently commented on the stock. Royal Bank of Canada reiterated a sell rating and set a GBX 6,400 ($78.76) price target on shares of Reckitt Benckiser Group in a report on Tuesday, July 28th. Deutsche Bank reiterated a buy rating and set a GBX 8,400 ($103.37) price target on shares of Reckitt Benckiser Group in a report on Wednesday. Citigroup reiterated a buy rating and set a GBX 8,200 ($100.91) price target (up previously from GBX 7,200 ($88.60)) on shares of Reckitt Benckiser Group in a report on Tuesday, June 30th. Goldman Sachs Group boosted their price target on shares of Reckitt Benckiser Group from GBX 6,600 ($81.22) to GBX 7,000 ($86.14) and gave the stock a neutral rating in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Reckitt Benckiser Group from GBX 8,000 ($98.45) to GBX 9,000 ($110.76) and gave the stock an overweight rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of GBX 7,655.56 ($94.21).

Shares of RB stock opened at GBX 7,706 ($94.83) on Thursday. The company has a debt-to-equity ratio of 130.80, a quick ratio of 0.40 and a current ratio of 0.56. Reckitt Benckiser Group has a fifty-two week low of GBX 73.44 ($0.90) and a fifty-two week high of GBX 8,191.30 ($100.80). The stock has a market capitalization of $54.80 billion and a P/E ratio of -14.83. The company has a 50 day moving average price of GBX 7,441.20 and a 200 day moving average price of GBX 6,629.16.

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

In other Reckitt Benckiser Group news, insider Nicandro Durante purchased 165 shares of Reckitt Benckiser Group stock in a transaction that occurred on Wednesday, May 27th. The stock was purchased at an average price of GBX 6,884 ($84.72) per share, for a total transaction 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.

See Also: Are FAANG stocks a good investment?

Analyst Recommendations for Reckitt Benckiser Group (LON:RB)

Receive News & Ratings for Reckitt Benckiser Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reckitt Benckiser Group and related companies with MarketBeat.com's FREE daily email newsletter.