Reckitt Benckiser Group (OTCMKTS:RBGLY) Rating Lowered to Sell at Zacks Investment Research

Reckitt Benckiser Group (OTCMKTS:RBGLY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, Zacks.com reports.

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 research analysts have also recently weighed in on RBGLY. UBS Group restated a “buy” rating on shares of Reckitt Benckiser Group in a report on Friday, October 1st. Barclays restated an “overweight” rating on shares of Reckitt Benckiser Group in a research note on Wednesday, October 27th. Royal Bank of Canada reiterated a “sector perform” rating on shares of Reckitt Benckiser Group in a research report on Wednesday, October 27th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Reckitt Benckiser Group in a report on Wednesday, July 28th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Reckitt Benckiser Group in a report on Wednesday, August 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $4,009.50.

Shares of RBGLY opened at $16.50 on Wednesday. The stock’s fifty day moving average price is $15.92 and its two-hundred day moving average price is $16.76. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.57 and a current ratio of 0.72. Reckitt Benckiser Group has a 1 year low of $14.82 and a 1 year high of $19.30.

About Reckitt Benckiser Group

Reckitt Benckiser Group Plc engages in the manufacture and trade of health, hygiene and home products. It operates through Health and Hygiene Home segments. The Health segment focuses on infant and child nutrition; health relief; health hygiene; and vitamins, minerals and supplements. The Hygiene Home segment focuses on the household sector.

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