Reckitt Benckiser Group (OTCMKTS:RBGLY) Cut to Equal Weight at Morgan Stanley

Reckitt Benckiser Group (OTCMKTS:RBGLY) was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Monday.

RBGLY has been the subject of several other reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Reckitt Benckiser Group in a research note on Monday, October 27th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Reckitt Benckiser Group in a report on Thursday, October 23rd. Finally, Barclays upgraded Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Reckitt Benckiser Group Stock Down 0.1%

OTCMKTS:RBGLY traded down $0.01 during mid-day trading on Monday, hitting $16.08. 70,371 shares of the company’s stock traded hands, compared to its average volume of 337,964. The company has a fifty day moving average of $15.58 and a 200 day moving average of $14.93. The company has a current ratio of 0.56, a quick ratio of 0.37 and a debt-to-equity ratio of 1.01. Reckitt Benckiser Group has a twelve month low of $11.73 and a twelve month high of $16.30.

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.