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

Zacks Research cut shares of Reckitt Benckiser Group (OTCMKTS:RBGLY) from a hold rating to a strong sell rating in a report published on Thursday,Zacks.com reports.

A number of other analysts also recently weighed in on RBGLY. Kepler Capital Markets raised shares of Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Reckitt Benckiser Group in a research report on Tuesday, June 30th. Finally, Jefferies Financial Group raised Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a research note on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Reckitt Benckiser Group Price Performance

Shares of OTCMKTS RBGLY opened at $14.05 on Thursday. The business has a fifty day moving average price of $13.07 and a two-hundred day moving average price of $14.28. Reckitt Benckiser Group has a fifty-two week low of $12.02 and a fifty-two week high of $17.80. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.98.

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.