For Reckitt Benckiser’s shares to be interesting using our own BUY criterion of at least a 20% total shareholder return, they have to hit £90 on a one year view. In our opinion this is feasible. We raise our price target by 30% from £69 to £90 and maintain a BUY rating.
15 Jul 2016
Positioned for £90
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Positioned for £90
Reckitt Benckiser Group plc (RKT:LON) | 4,160 1164.9 0.7% | Mkt Cap: 29,395m
- Published:
15 Jul 2016 -
Author:
Chris Wickham -
Pages:
4
For Reckitt Benckiser’s shares to be interesting using our own BUY criterion of at least a 20% total shareholder return, they have to hit £90 on a one year view. In our opinion this is feasible. We raise our price target by 30% from £69 to £90 and maintain a BUY rating.