Reckitt Benckiser Group Plc (LON:RB) shares shot up 0% during mid-day trading on Tuesday . The stock traded as high as GBX 6,437 ($86.64) and last traded at GBX 6,419 ($86.39). 1,308,072 shares changed hands during trading, a decline of 20% from the average session volume of 1,630,000 shares. The stock had previously closed at GBX 6,419 ($86.39).
Several brokerages recently issued reports on RB. J P Morgan Chase & Co set a GBX 6,900 ($92.87) price objective on Reckitt Benckiser Group and gave the stock a “neutral” rating in a research report on Thursday, September 28th. UBS set a GBX 7,250 ($97.58) target price on shares of Reckitt Benckiser Group and gave the stock a “neutral” rating in a research note on Monday, October 2nd. Liberum Capital reaffirmed a “buy” rating and issued a GBX 8,700 ($117.09) target price on shares of Reckitt Benckiser Group in a research note on Wednesday, August 30th. Credit Suisse Group lowered their target price on shares of Reckitt Benckiser Group from GBX 8,650 ($116.42) to GBX 7,700 ($103.63) and set an “outperform” rating for the company in a research note on Thursday, October 5th. Finally, Kepler Capital Markets lowered their target price on shares of Reckitt Benckiser Group from GBX 7,800 ($104.98) to GBX 7,300 ($98.25) and set a “hold” rating for the company in a research note on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. Reckitt Benckiser Group has an average rating of “Hold” and an average price target of GBX 7,762.27 ($104.47).
In other Reckitt Benckiser Group news, insider Christopher Sinclair acquired 2,800 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was acquired at an average price of GBX 6,597 ($88.79) per share, with a total value of £184,716 ($248,608.34). Also, insider Adrian Nevil Hennah acquired 2,285 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were acquired at an average cost of GBX 6,567 ($88.38) per share, with a total value of £150,055.95 ($201,959.56).
About Reckitt Benckiser Group
Reckitt Benckiser Group plc is a manufacturer and marketer of health, hygiene and home products. The Company’s segments include ENA and DvM. 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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