Reckitt Benckiser Group (OTCMKTS:RBGLY) Downgraded by BNP Paribas to “Underperform”

BNP Paribas downgraded shares of Reckitt Benckiser Group (OTCMKTS:RBGLYFree Report) from a neutral rating to an underperform rating in a research report released on Tuesday morning, reports.

A number of other research firms have also issued reports on RBGLY. Barclays lowered their target price on Reckitt Benckiser Group from GBX 8,400 ($105.12) to GBX 7,700 ($96.36) in a report on Thursday, July 27th. Deutsche Bank Aktiengesellschaft lowered their target price on Reckitt Benckiser Group from GBX 6,350 ($79.46) to GBX 6,250 ($78.21) in a report on Friday, June 30th. Finally, Berenberg Bank lowered their target price on Reckitt Benckiser Group from GBX 7,640 ($95.61) to GBX 7,340 ($91.85) in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Reckitt Benckiser Group currently has a consensus rating of Hold and an average price target of $7,115.00.

Read Our Latest Report on Reckitt Benckiser Group

Reckitt Benckiser Group Stock Down 1.0 %

Shares of OTCMKTS RBGLY opened at $14.40 on Tuesday. Reckitt Benckiser Group has a fifty-two week low of $12.71 and a fifty-two week high of $16.60. The firm’s 50-day simple moving average is $14.74 and its 200 day simple moving average is $15.26. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.41 and a current ratio of 0.63.

Reckitt Benckiser Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, September 22nd. Shareholders of record on Monday, August 7th will be issued a dividend of $0.1817 per share. The ex-dividend date is Friday, August 4th.

About Reckitt Benckiser Group

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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.

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