Zacks Investment Research cut shares of Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) from a buy rating to a hold rating in a research note released on Wednesday morning.
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 brokerages have also weighed in on RBGLY. Societe Generale reissued a hold rating on shares of Reckitt Benckiser Group PLC in a research report on Thursday, June 22nd. J P Morgan Chase & Co reissued a neutral rating on shares of Reckitt Benckiser Group PLC in a research report on Tuesday, March 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $3,061.00.
Shares of Reckitt Benckiser Group PLC (OTCMKTS RBGLY) opened at 20.17 on Wednesday. The firm has a market capitalization of $70.60 billion, a price-to-earnings ratio of 30.22 and a beta of 0.88. The firm has a 50-day moving average of $20.36 and a 200 day moving average of $18.54. Reckitt Benckiser Group PLC has a 52-week low of $16.36 and a 52-week high of $21.29.
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2284078/zacks-investment-research-lowers-reckitt-benckiser-group-plc-rbgly-to-hold.html
Receive News & Ratings for Reckitt Benckiser Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reckitt Benckiser Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.