Reckitt Benckiser Group (OTCMKTS:RBGLY) Rating Increased to Buy at HSBC

Reckitt Benckiser Group (OTCMKTS:RBGLY) was upgraded by stock analysts at HSBC from a “hold” rating to a “buy” rating in a report released on Wednesday,Briefing.com Automated Import reports.

Several other equities analysts have also commented on the stock. Sanford C. Bernstein lowered shares of Reckitt Benckiser Group from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. Barclays raised shares of Reckitt Benckiser Group to a “strong-buy” rating in a research note on Friday, October 4th. Citigroup raised shares of Reckitt Benckiser Group to a “strong-buy” rating in a report on Tuesday, October 1st. UBS Group raised shares of Reckitt Benckiser Group to a “strong-buy” rating in a research note on Wednesday, September 18th. Finally, JPMorgan Chase & Co. cut Reckitt Benckiser Group from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Reckitt Benckiser Group Price Performance

Reckitt Benckiser Group stock traded down $0.08 during mid-day trading on Wednesday, hitting $12.06. 424,087 shares of the company traded hands, compared to its average volume of 867,298. The company has a current ratio of 0.69, a quick ratio of 0.47 and a debt-to-equity ratio of 0.97. Reckitt Benckiser Group has a one year low of $10.24 and a one year high of $15.03. The stock has a fifty day moving average price of $12.32 and a 200-day moving average price of $11.72.

Reckitt Benckiser Group Company Profile

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; brain health products; migraine-headaches and rheumatic pain products; sore throat medications; and hair removal products under the Airborne, Clearasil, Dettol, Durex, Gaviscon, Move Free, Neuriva, Nurofen, Mucinex, Strepsils, and Veet brands.