Reckitt Benckiser Group PLC (RBGLY) Downgraded by Zacks Investment Research to Hold
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. “
A number of other equities analysts also recently commented on the stock. Citigroup Inc. assumed coverage on shares of Reckitt Benckiser Group PLC in a report on Thursday, September 1st. They issued a buy rating for the company. JPMorgan Chase & Co. downgraded shares of Reckitt Benckiser Group PLC from an overweight rating to a neutral rating in a report on Thursday, June 30th. BNP Paribas downgraded shares of Reckitt Benckiser Group PLC from an outperform rating to a neutral rating in a report on Wednesday, September 7th. Credit Suisse Group AG reduced their target price on shares of Reckitt Benckiser Group PLC from $6,500.00 to $6,100.00 and set an outperform rating for the company in a report on Thursday, August 25th. Finally, Macquarie assumed coverage on shares of Reckitt Benckiser Group PLC in a report on Thursday, June 30th. They issued an outperform rating for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $4,155.75.
Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) traded down 0.9688% during trading on Thursday, hitting $18.4099. 19,207 shares of the company were exchanged. The stock has a market capitalization of $64.90 billion, a PE ratio of 32.5263 and a beta of 0.90. Reckitt Benckiser Group PLC has a 1-year low of $17.03 and a 1-year high of $20.70. The firm’s 50 day moving average price is $19.41 and its 200-day moving average price is $19.71.
Reckitt Benckiser Group PLC Company Profile
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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