Reckitt Benckiser Group (OTCMKTS:RBGLY) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Reckitt Benckiser Group (OTCMKTS:RBGLY) from a buy rating to a hold rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Reckitt Benckiser Group Plc engages in manufacturing and distributing household, toiletry, pharmaceutical and food products. The company offers antiseptic liquids, depilatory products, medicated sore throat products, condoms, cold/flu products, acne treatment products, analgesics and upper gastro-intestinal products, foot care and comfort footwear products, denture care and dry skin care products, fabric care products, surface care products and polishes/waxes. Reckitt Benckiser Group is based in Slough, the United Kingdom. “

Several other research analysts also recently weighed in on RBGLY. Exane BNP Paribas downgraded Reckitt Benckiser Group from a neutral rating to an underperform rating and set a 6,500.00 price target for the company. in a research note on Tuesday. UBS Group reaffirmed a buy rating on shares of Reckitt Benckiser Group in a report on Friday, October 1st. Barclays reissued an overweight rating on shares of Reckitt Benckiser Group in a report on Wednesday, October 27th. Finally, Royal Bank of Canada reissued a sector perform rating on shares of Reckitt Benckiser Group in a report on Wednesday, October 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Buy and a consensus price target of $4,840.00.

OTCMKTS RBGLY opened at $17.21 on Wednesday. The business has a fifty day simple moving average of $16.83 and a 200 day simple moving average of $16.40. Reckitt Benckiser Group has a 12 month low of $14.82 and a 12 month high of $19.30. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.72 and a quick ratio of 0.57.

About Reckitt Benckiser Group

Reckitt Benckiser Group Plc engages in the manufacture and trade of health, hygiene and home products. It operates through Health and Hygiene Home segments. The Health segment focuses on infant and child nutrition; health relief; health hygiene; and vitamins, minerals and supplements. The Hygiene Home segment focuses on the household sector.

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