Household Goods & Home Construction (3720)

  • 52 Week High: 18,512.91
  • 52 Week Low: 11,424.25

RBC Capital upgrades Reckitt to 'outperform'

By Michele Maatouk

Date: Wednesday 18 May 2022

LONDON (ShareCast) - (Sharecast News) - RBC Capital Markets upgraded Reckitt Benckiser on Wednesday to 'outperform' from 'sector perform' and lifted the price target to 7,000p from 5,900p.
"The re-weighting of revenue investment in favour of R&D at the expense of marketing should work well and stimulates our belief in Reckitt's revenue growth potential," RBC said.

"We have long believed that Reckitt over-innovates, rolling out and charging more for 'new' products that offered little incremental benefit. We welcome the increased emphasis on what we trust is substantive innovation, and expect it to have favourable implications for sales growth."

The bank added that the disposal of the remaining infant nutrition business would reinforce its belief further.

At 1125 BST, the shares were up 1.7% at 6,396p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are end of day values only.


Price Data

Price 11,758.18
Closing Price Change 186.83
% Change 1.61 %
06-Jul-22 Close 11,758.18

Top Risers

Price Change
SDG 122.50p +2.5%
VCP 462.00p +2.0%
CRN 89.20p +1.8%
RDW 491.80p +1.7%
BWY 2,176.00p +1.1%
MADE 45.20p +0.9%
BKG 3,804.00p +0.7%
VTY 818.50p +0.6%
IGR 96.50p +0.5%
MCB 16.20p +0.3%

Top Fallers

Price Change
SUP 74.50p -6.3%
PSN 1,790.00p -4.0%
PROC 39.50p -1.7%
RKT 6,264.00p -1.5%
WJG 213.50p -0.9%
CRST 236.60p -0.8%
CSP 233.80p -0.7%
BDEV 459.40p -0.1%
AIEA 27.50p -0.0%
HEAD 292.00p -0.0%

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