Reckitt Benckiser Group (OTCMKTS:RBGLY) Upgraded to Overweight at Morgan Stanley

Key Points

• Morgan Stanley upgraded Reckitt Benckiser (OTCMKTS:RBGLY) from "equal weight" to "overweight", and along with upgrades from Barclays and new coverage/buys from other firms the stock holds a MarketBeat consensus rating of "Moderate Buy".
• Shares opened at $14.15, trading in a 1‑year range of $12.49–$17.80 with 50‑day/200‑day moving averages of $16.59/$15.95; the company has a debt‑to‑equity of 1.01 and weak liquidity (current ratio 0.56, quick ratio 0.37).

Reckitt Benckiser Group (OTCMKTS:RBGLY - Get Free Report) was upgraded by Morgan Stanley from an "equal weight" rating to an "overweight" rating in a report issued on Monday, Marketbeat reports.

Several other equities analysts also recently weighed in on RBGLY. Zacks Research raised Reckitt Benckiser Group to a "hold" rating in a research report on Tuesday, March 3rd. Barclays upgraded Reckitt Benckiser Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 1st. Citigroup started coverage on shares of Reckitt Benckiser Group in a research report on Wednesday, January 14th. They set a "buy" rating on the stock. Jefferies Financial Group reissued a "hold" rating on shares of Reckitt Benckiser Group in a research note on Wednesday, January 7th. Finally, Royal Bank Of Canada lowered shares of Reckitt Benckiser Group from an "outperform" rating to a "sector perform" rating in a report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Reckitt Benckiser Group Stock Up 0.1%

Shares of OTCMKTS RBGLY opened at $14.15 on Monday. Reckitt Benckiser Group has a 1-year low of $12.49 and a 1-year high of $17.80. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.56 and a quick ratio of 0.37. The business's 50 day moving average is $16.59 and its two-hundred day moving average is $15.95.

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.

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