Reckitt Benckiser Group (OTCMKTS:RBGLY) Cut to “Strong Sell” at Zacks Research

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

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

Reckitt Benckiser Group Stock Performance

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

Reckitt Benckiser Group Company Profile

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.