Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) Rating Lowered to Hold at Zacks Investment Research
Zacks Investment Research downgraded shares of Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) from a buy rating to a hold rating in a research report released on Wednesday, July 5th.
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 have also recently commented on RBGLY. Societe Generale reaffirmed 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 report on Tuesday, March 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of $3,061.00.
Reckitt Benckiser Group PLC (OTCMKTS RBGLY) traded up 0.30% during mid-day trading on Wednesday, hitting $19.96. 400,328 shares of the stock traded hands. The company has a market cap of $70.21 billion, a price-to-earnings ratio of 30.23 and a beta of 0.86. The firm’s 50-day moving average is $20.33 and its 200-day moving average is $19.12. Reckitt Benckiser Group PLC has a 12-month low of $16.36 and a 12-month high of $21.55.
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The business also recently announced a None dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, August 18th will be given a dividend of $0.163 per share. The ex-dividend date of this dividend is Wednesday, August 16th.
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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