Today The Reckitt Benckiser Group PLC (RBGLY) Upgraded to “Buy” by Berenberg Bank

Today The Reckitt Benckiser Group PLC (RBGLY) Upgraded to “Buy” by Berenberg Bank

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) was upgraded by stock analysts at Berenberg Bank from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Several other research analysts also recently weighed in on RBGLY. Zacks Investment Research downgraded shares of Reckitt Benckiser Group PLC from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 6th. Morgan Stanley initiated coverage on shares of Reckitt Benckiser Group PLC in a report on Thursday, December 8th. They set a “weight” rating on the stock. RBC Capital Markets upgraded shares of Reckitt Benckiser Group PLC from a “sector perform” rating to an “outperform” rating in a report on Wednesday. Finally, Royal Bank Of Canada upgraded shares of Reckitt Benckiser Group PLC from a “sector perform” rating to an “outperform” rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $3,061.50.

Shares of Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) traded up 0.41% during mid-day trading on Wednesday, reaching $17.32. 7,183 shares of the company’s stock traded hands. The firm has a 50-day moving average of $16.73 and a 200 day moving average of $18.42. Reckitt Benckiser Group PLC has a 12-month low of $16.36 and a 12-month high of $20.70. The company has a market cap of $61.06 billion, a P/E ratio of 32.33 and a beta of 0.84.

About Reckitt Benckiser Group PLC

Reckitt Benckiser Group plc is a manufacturer and marketer of health, hygiene and home products. The Company’s segments include ENA, DvM and Food. The ENA segment consists of Europe, Russia/Commonwealth of Independent States (CIS), Israel, North America, Australia and New Zealand. The DvM segment consists of North Africa, Middle East (excluding Israel) and Turkey, Africa, South Asia, North Asia, Latin America, Japan, Korea and the Association of Southeast Asian Nations (ASEAN).

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