Today, Reckitt Benckiser Group PLC (RBGLY) Downgraded by Zacks Investment Research

Today, Reckitt Benckiser Group PLC (RBGLY) Downgraded by Zacks Investment Research

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday.

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. “

A number of other equities research analysts also recently issued reports on RBGLY. JPMorgan Chase & Co. downgraded shares of Reckitt Benckiser Group PLC from an “overweight” rating to a “neutral” rating in a research report on Thursday, June 30th. Macquarie started coverage on shares of Reckitt Benckiser Group PLC in a research report on Thursday, June 30th. They issued an “outperform” rating for the company. Credit Suisse Group AG cut their target price on shares of Reckitt Benckiser Group PLC from $6,500.00 to $6,100.00 and set an “outperform” rating for the company in a research report on Thursday, August 25th. Citigroup Inc. started coverage on shares of Reckitt Benckiser Group PLC in a research report on Thursday, September 1st. They issued a “buy” rating for the company. Finally, BNP Paribas downgraded shares of Reckitt Benckiser Group PLC from an “outperform” rating to a “neutral” rating in a research report on Wednesday, September 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. Reckitt Benckiser Group PLC has a consensus rating of “Buy” and a consensus target price of $4,155.75.

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Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) traded down 1.06% during trading on Thursday, reaching $18.59. 58,524 shares of the company’s stock were exchanged. Reckitt Benckiser Group PLC has a 1-year low of $17.03 and a 1-year high of $20.70. The company’s 50-day moving average is $19.41 and its 200-day moving average is $19.71. The company has a market capitalization of $65.54 billion, a PE ratio of 32.94 and a beta of 0.90.

Reckitt Benckiser Group PLC Company Profile

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