Royal Bank of Canada Upgrades Reckitt Benckiser Group (OTCMKTS:RBGLY) to Outperform

Reckitt Benckiser Group (OTCMKTS:RBGLYGet Rating) was upgraded by research analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research report issued on Wednesday, The Fly reports.

RBGLY has been the topic of several other research reports. Zacks Investment Research upgraded shares of Reckitt Benckiser Group from a “sell” rating to a “hold” rating in a report on Thursday, March 24th. UBS Group raised their target price on shares of Reckitt Benckiser Group from GBX 7,700 ($94.92) to GBX 8,000 ($98.62) in a report on Tuesday, May 3rd. Exane BNP Paribas upgraded shares of Reckitt Benckiser Group from an “underperform” rating to a “neutral” rating in a report on Monday, March 14th. Societe Generale cut shares of Reckitt Benckiser Group from a “buy” rating to a “sell” rating in a report on Wednesday, March 16th. Finally, Sanford C. Bernstein cut shares of Reckitt Benckiser Group from a “market perform” rating to an “underperform” rating in a report on Monday, March 14th. Three analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $6,364.00.

Shares of Reckitt Benckiser Group stock opened at $15.79 on Wednesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.44 and a current ratio of 0.62. Reckitt Benckiser Group has a 52-week low of $14.40 and a 52-week high of $19.17. The company’s 50 day moving average price is $15.69 and its 200-day moving average price is $16.37.

Reckitt Benckiser Group Company Profile (Get Rating)

Reckitt Benckiser Group plc manufactures and sells health, hygiene, and nutrition products in the United Kingdom, the United States, China, India, and internationally. The company offers acne treatment creams, facial washes, and cleansing pads; disinfection, hygiene, and first aid products; condoms, sex toys, and lubricants; heartburn and indigestion solutions; and cough and chest congestion, multi-symptom, and sinus remedies for adults and children under the Clearasil, Dettol, Durex, Gaviscon, and Mucinex brands.

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Analyst Recommendations for Reckitt Benckiser Group (OTCMKTS:RBGLY)

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