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Reckitt Benckiser Group Plc 28.5% Potential Upside Indicated by HSBC

Reckitt Benckiser Group Plc using EPIC/TICKER code (LON:RB) has had its stock rating noted as ‘Initiates/Starts’ with the recommendation being set at ‘BUY’ today by analysts at HSBC. Reckitt Benckiser Group Plc are listed in the Consumer Goods sector within UK Main Market. HSBC have set a target price of 8000 GBX on its stock. This indicates the analyst now believes there is a potential upside of 28.5% from today’s opening price of 6228 GBX. Over the last 30 and 90 trading days the company share price has decreased 155 points and decreased 183 points respectively. The 52 week high share price is 7174 GBX while the 52 week low is 5559 GBX.

Reckitt Benckiser Group Plc has a 50 day moving average of 6,334.89 GBX and a 200 Day Moving Average share price is recorded at 6,339.63. There are currently 708,814,398 shares in issue with the average daily volume traded being 1,626,713. Market capitalisation for LON:RB is £43,797,635,597 GBP.