Trade Report: The Reckitt Benckiser Group PLC (RBGLY) Rating Lowered to Hold at Zacks Investment Research

The Reckitt Benckiser Group PLC (RBGLY) Rating Lowered to Hold at 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 note issued to investors 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. “

Several other equities analysts also recently weighed in on the stock. BNP Paribas downgraded shares of Reckitt Benckiser Group PLC from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 7th. Credit Suisse Group AG reduced 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 note on Thursday, August 25th. Macquarie assumed coverage on shares of Reckitt Benckiser Group PLC in a research note on Thursday, June 30th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. downgraded shares of Reckitt Benckiser Group PLC from an “overweight” rating to a “neutral” rating in a research note on Thursday, June 30th. Finally, Citigroup Inc. assumed coverage on shares of Reckitt Benckiser Group PLC in a research note on Thursday, September 1st. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $4,155.75.

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) opened at 18.44 on Thursday. Reckitt Benckiser Group PLC has a 52-week low of $17.03 and a 52-week high of $20.70. The firm has a market capitalization of $65.01 billion, a PE ratio of 32.94 and a beta of 0.90. The company’s 50-day moving average is $19.37 and its 200-day moving average is $19.71.

About Reckitt Benckiser Group PLC

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