Reckitt Benckiser Group (OTCMKTS:RBGLY) Now Covered by Analysts at Citigroup

Citigroup assumed coverage on shares of Reckitt Benckiser Group (OTCMKTS:RBGLY) in a research note issued to investors on Wednesday morning. The brokerage issued a buy rating on the stock.

Several other equities analysts have also weighed in on RBGLY. Royal Bank Of Canada lowered Reckitt Benckiser Group from an “outperform” rating to a “sector perform” rating in a research note on Wednesday. Jefferies Financial Group reaffirmed a “hold” rating on shares of Reckitt Benckiser Group in a research note on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Reckitt Benckiser Group in a research report on Monday, October 27th. Barclays upgraded shares of Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. Finally, Morgan Stanley lowered shares of Reckitt Benckiser Group from an “overweight” rating to an “equal weight” rating in a report on Monday, December 15th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Reckitt Benckiser Group has a consensus rating of “Moderate Buy”.

Reckitt Benckiser Group Price Performance

Reckitt Benckiser Group stock opened at $16.73 on Wednesday. Reckitt Benckiser Group has a 1 year low of $11.75 and a 1 year high of $16.80. The company’s 50-day moving average is $15.95 and its two-hundred day moving average is $15.32. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.37 and a current ratio of 0.56.

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.