Reckitt Benckiser Group plc (RB.L) (LON:RB)'s stock had its "buy" rating reissued by analysts at Credit Suisse Group in a research report issued to clients and investors on Wednesday, AnalystRatings.net reports. They presently have a GBX 7,800 ($101.91) target price on the stock.
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Shortly after Laxman Narasimhan took over as chief executive of Reckitt Benckiser, he called for urgent improvement at the consumer goods company he said had delivered too many "disappointing" results. A year on, the maker of Nurofen painkillers, Durex condoms and Harpic toilet cleaner is racking up the strongest growth in its history.
The Reckitt Benckiser Pension Fund has secured a £415m buy-in with Scottish Widows, insuring the benefits of around half of the fund's pensioner liabilities. The £415m transaction is set to remove the interest rate, inflation and longevity risk relating to these liabilities.
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A former Unilever executive is spearheading a £1bn bid to buy Clearasil, Veet and other prominent personal care brands. Sky News has learnt that Vindi Banga, who spent more than three decades at Unilever, is overseeing an offer from Clayton Dubilier & Rice (CD&R) for the portfolio of brands owned by Reckitt Benckiser.
Sky News
