Reckitt Benckiser Group plc (OTCMKTS:RBGLY) Given Consensus Recommendation of “Hold” by Brokerages

Reckitt Benckiser Group plc (OTCMKTS:RBGLY) has received an average recommendation of “Hold” from the six ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $6,032.50.

RBGLY has been the subject of several recent analyst reports. Jefferies Financial Group cut shares of Reckitt Benckiser Group from a “hold” rating to an “underperform” rating in a report on Monday, December 11th. Sanford C. Bernstein upgraded shares of Reckitt Benckiser Group from a “market perform” rating to an “outperform” rating in a report on Monday, December 11th. Finally, BNP Paribas upgraded shares of Reckitt Benckiser Group from an “underperform” rating to a “neutral” rating in a report on Tuesday, January 9th.

Reckitt Benckiser Group Trading Up 2.0 %

Shares of RBGLY opened at $11.37 on Friday. Reckitt Benckiser Group has a 12-month low of $10.66 and a 12-month high of $16.60. The firm’s 50 day moving average is $13.56 and its 200-day moving average is $13.76. The company has a quick ratio of 0.36, a current ratio of 0.54 and a debt-to-equity ratio of 0.57.

Reckitt Benckiser Group Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, April 12th will be given a dividend of $0.2701 per share. The ex-dividend date is Thursday, April 11th. This is a positive change from Reckitt Benckiser Group’s previous dividend of $0.18.

About Reckitt Benckiser Group

Reckitt Benckiser Group plc manufactures and sells health, hygiene, and nutrition products worldwide. It offers acne treatment creams, facial washes, and cleansing pads; germ protection products; condoms; heartburn and indigestion solutions; joints health products; chest congestion, cough, and sinus remedies; vaginal care routine products; sore throat medications; and hair removal products under the Clearasil, Dettol, Durex, Gaviscon, Nurofen, Mucinex, Queen V, Strepsils, and Veet brands.