Reckitt Benckiser Group (OTCMKTS:RBGLY) Downgraded to Strong Sell Rating by Zacks Research

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

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

Reckitt Benckiser Group Trading Up 5.6%

OTCMKTS RBGLY opened at $14.49 on Tuesday. The firm’s 50 day moving average is $15.66 and its 200-day moving average is $15.75. Reckitt Benckiser Group has a 12-month low of $12.65 and a 12-month high of $17.80.

About Reckitt Benckiser Group

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.