Dettol maker Reckitt Benckiser vows return to growth after year of stagnation

Dettol maker Reckitt Benckiser vows return to growth after year of stagnation

As of 09:20 GMT, Reckitt Benckiser's share price had given up 4.52 percent to 6,271.00p, weighing on the benchmark FTSE 100 index which now stands at 7,295.41 points, flat in percentage terms. Finally, BNP Paribas decreased their target price on shares of Reckitt Benckiser Group from GBX 7,400 ($102.24) to GBX 7,200 ($99.47) and set a "neutral" rating for the company in a research note on Wednesday, January 31st. Goldman Sachs Group's target price indicates a potential upside of 5.21% from the company's previous close. The company has a consensus rating of Hold and a consensus price target of GBX 7,582.61 ($106.32). Reckitt Benckiser Group has a 12 month low of GBX 6,258 ($86.46) and a 12 month high of GBX 8,110.43 ($112.05).

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Reckitt Benckiser Group plc is a manufacturer and marketer of health, hygiene and home products.

Like-for-like sales at its North American business saw no growth, while its operations in Europe, Russia and surrounding states, Israel, Australia and New Zealand together dropped 3%. Liberum Capital reissued a "buy" rating and set a GBX 8,000 ($110.53) price objective on shares of Reckitt Benckiser Group in a report on Monday. Reckitt Benckiser Group now has a consensus rating of "Hold" and a consensus target price of GBX 7,582.61 ($104.76).

Reckitt Benckiser Group (LON RB) opened at GBX 6,485 ($90.93) on Wednesday. The company has a market cap of $44,110.00 and a PE ratio of 2,095.99. If you are viewing this news story on another site, it was stolen and reposted in violation of United States & global trademark & copyright legislation.