Reckitt Benckiser Group Plc 31.2% Potential Upside Indicated by Whitman Howard

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Jefferies Group LLC cut Reckitt Benckiser Group Plc to a hold rating and boosted their price objective for the company from GBX 7,750 ($102.98) to GBX 8,400 ($111.61) in a research report on Thursday, July 6th. As per Thursday, December 15, the company rating was downgraded by Sidoti. As per Friday, February 19, the company rating was initiated by Sidoti.

Some analysts saw the restructuring as a precursor to parting with home and hygiene, as Reckitt did with its pharmaceutical business in 2014 and when it sold its North American food business in August. Whitman Howard have set their target price at 9000 GBX on its stock.

Among 18 analysts covering Progressive (NYSE:PGR), 7 have Buy rating, 3 Sell and 8 Hold. Therefore 33% are positive. Reckitt Benckiser Group Plc has a 1-year low of GBX 6,496.00 and a 1-year high of GBX 8,110.43. GBX 7736.59's average target is 13.41% above currents GBX 6822 stock price. The correct version of this piece of content can be viewed at https://weekherald.com/2017/10/19/reckitt-benckiser-group-plc-rb-receives-neutral-rating-from-j-p-morgan-chase-co.html.

ILLEGAL ACTIVITY WARNING: "Reckitt Benckiser Group Plc (LON:RB) Given New GBX 6,400 Price Target at Investec" was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. Kepler Cheuvreux maintained Reckitt Benckiser Group Plc (LON:RB) rating on Wednesday, February 8. On Thursday, October 20 the stock rating was maintained by Societe Generale with "Buy". On Monday, November 2 the stock rating was maintained by JP Morgan with "Overweight". As per Monday, July 27, the company rating was maintained by Nomura. Wells Fargo maintained the shares of PGR in report on Tuesday, July 18 with "Hold" rating. As per Thursday, July 6, the company rating was maintained by Whitman Howard. The stock has "Buy" rating by Berenberg on Thursday, September 28.

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Reckitt Benckiser shares have fallen 14 percent from their peak in June amid a broader market rally and were trading down 0.9 percent Wednesday in London. It has underperformed by 16.70% the S&P500.

Britain's Reckitt Benckiser will split its business into two divisions - consumer healthcare and home and hygiene products to try to revive sales that are set to stall this year. The stock's market capitalization is GBX 48.24 billion. The ENA segment consists of Europe, Russia/Commonwealth of Independent States, Israel, North America, Australia and New Zealand. About shares traded. Movado Group, Inc (NYSE:MOV) has declined 5.74% since October 19, 2016 and is downtrending. It has underperformed by 34.90% the S&P500.The move comes after 9 months positive chart setup for the $4.05B company.

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