Reckitt Benckiser Group (OTCMKTS:RBGLY) Stock Rating Lowered by Zacks Research

Reckitt Benckiser Group (OTCMKTS:RBGLY) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other analysts also recently issued reports about the company. Jefferies Financial Group restated a “hold” rating on shares of Reckitt Benckiser Group in a research note on Wednesday, January 7th. Morgan Stanley upgraded Reckitt Benckiser Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 16th. Royal Bank Of Canada cut shares of Reckitt Benckiser Group from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 14th. Finally, Citigroup assumed coverage on shares of Reckitt Benckiser Group in a research report on Wednesday, January 14th. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Reckitt Benckiser Group currently has an average rating of “Moderate Buy”.

Reckitt Benckiser Group Stock Performance

Shares of RBGLY opened at $14.49 on Tuesday. The stock has a 50-day moving average of $15.66 and a 200-day moving average of $15.75. Reckitt Benckiser Group has a one year low of $12.65 and a one year high of $17.80.

Reckitt Benckiser Group Company Profile

Reckitt Benckiser Group plc is a multinational consumer goods company that develops, manufactures and markets health, hygiene and home products. Its portfolio spans over-the-counter medicines and health products, personal and sexual wellness, surface and laundry cleaning, and household care. The company owns a number of well-known global brands across these categories, including Lysol and Dettol in disinfectants and hygiene, Durex in sexual wellness, Nurofen in analgesics, and Finish in dishwashing products.

The firm has its corporate headquarters in the United Kingdom and sells products in markets around the world, serving consumers across North America, Europe, Asia, Latin America, the Middle East and Africa.