BNP Paribas downgraded shares of Reckitt Benckiser Group (OTCMKTS:RBGLY – Free Report) from a neutral rating to an underperform rating in a research report released on Tuesday morning, Briefing.com 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.
Reckitt Benckiser Group Stock Down 1.0 %
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
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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