Kepler Capital Markets Lowers Reckitt Benckiser Group PLC (RBGLY) to Hold

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) was downgraded by stock analysts at Kepler Capital Markets from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, July 26th, MarketBeat.com reports.

A number of other brokerages have also recently commented on RBGLY. Zacks Investment Research raised Reckitt Benckiser Group PLC from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Tuesday, May 30th. Societe Generale reissued a “hold” rating on shares of Reckitt Benckiser Group PLC in a research note on Thursday, June 22nd. Jefferies Group LLC cut Reckitt Benckiser Group PLC from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, J P Morgan Chase & Co reissued a “neutral” rating on shares of Reckitt Benckiser Group PLC in a research note on Tuesday, March 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $3,061.00.

Shares of Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) traded down 1.447% on Wednesday, hitting $19.415. 66,675 shares of the company’s stock traded hands. Reckitt Benckiser Group PLC has a 1-year low of $16.36 and a 1-year high of $21.55. The company has a market cap of $68.29 billion, a price-to-earnings ratio of 28.866 and a beta of 0.86. The firm’s 50-day moving average price is $20.14 and its 200 day moving average price is $19.27.

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Reckitt Benckiser Group PLC Company Profile

Reckitt Benckiser Group plc is a manufacturer and marketer of health, hygiene and home products. The Company’s segments include ENA, DvM and Food. The ENA segment consists of Europe, Russia/Commonwealth of Independent States (CIS), Israel, North America, Australia and New Zealand. The DvM segment consists of North Africa, Middle East (excluding Israel) and Turkey, Africa, South Asia, North Asia, Latin America, Japan, Korea and the Association of Southeast Asian Nations (ASEAN).

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