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Reckitt Benckiser Group (RBGLY) Gets a Hold from Berenberg Bank
In a report released yesterday, from Berenberg Bank maintained a Hold rating on Reckitt Benckiser Group, with a price target of $15.05. The company’s shares closed yesterday at $15.74.
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The word on The Street in general, suggests a Hold analyst consensus rating for Reckitt Benckiser Group with a $14.76 average price target.
Based on Reckitt Benckiser Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $6.98 billion and a net profit of $958 million. In comparison, last year the company earned a revenue of $7.17 billion and had a net profit of $1.14 billion
Read More on RBGLY:
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- Reckitt Benckiser price target raised to 5,700 GBp at Deutsche Bank
- Reckitt Benckiser price target raised to 6,400 GBp at RBC Capital
- Reckitt’s Balanced Growth Amid Emerging Market Success and Developed Market Contributions Warrants Hold Rating
- Reckitt: Strong Performance Amid High Valuation Justifies Hold Rating
- Balanced Outlook on Reckitt: Hold Rating Amid Growth Ambitions and Market Challenges
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