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

Royal Bank of Canada upgraded shares of Reckitt Benckiser Group (OTCMKTS:RBGLY – Get Rating) from a sector perform rating to an outperform rating in a research report sent to investors on Wednesday, The Fly reports.

Other equities research analysts also recently issued reports about the stock. Exane BNP Paribas raised shares of Reckitt Benckiser Group from an underperform rating to a neutral rating in a research note on Monday, March 14th. Jefferies Financial Group downgraded Reckitt Benckiser Group from a hold rating to an underperform rating in a report on Wednesday, March 23rd. Societe Generale cut shares of Reckitt Benckiser Group from a buy rating to a sell rating in a research report on Wednesday, March 16th. Sanford C. Bernstein cut shares of Reckitt Benckiser Group from a market perform rating to an underperform rating in a research note on Monday, March 14th. Finally, Zacks Investment Research upgraded Reckitt Benckiser Group from a sell rating to a hold rating in a research note on Thursday, March 24th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average target price of $6,364.00.

Shares of RBGLY stock opened at $15.64 on Wednesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.62 and a quick ratio of 0.44. Reckitt Benckiser Group has a 12-month low of $14.40 and a 12-month high of $19.17. The firm has a 50-day moving average price of $15.70 and a 200 day moving average price of $16.36.

The company also recently declared a dividend, which will be paid on Thursday, June 16th. Shareholders of record on Friday, April 29th will be given a dividend of $0.2432 per share. The ex-dividend date is Thursday, April 28th. This represents a yield of 2.63%.

About Reckitt Benckiser Group (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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