Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) Given Consensus Recommendation of "Buy" by Analysts

Key Points

• Reckitt Benckiser Group PLC has received a consensus recommendation of "Buy" from analysts, with seven firms covering the stock, including one hold, two buy, and four strong buy ratings.
• The company's stock price recently opened at $15.42, with a one-year range between $11.73 and $15.55, indicating a positive trend in valuation.
• Reckitt Benckiser Group recently announced a dividend of $0.2106, which will be paid on September 25th, and has a significant dividend yield of 341.0%.

Shares of Reckitt Benckiser Group PLC (OTCMKTS:RBGLY - Get Free Report) have been assigned an average rating of "Buy" from the seven research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating, two have issued a buy rating and four have given a strong buy rating to the company.

A number of analysts have recently weighed in on the company. Sanford C. Bernstein upgraded Reckitt Benckiser Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 5th. Royal Bank Of Canada restated an "outperform" rating on shares of Reckitt Benckiser Group in a research report on Friday, July 25th.

Reckitt Benckiser Group Stock Performance

Shares of Reckitt Benckiser Group stock traded down $0.05 on Monday, reaching $15.66. 170,919 shares of the company were exchanged, compared to its average volume of 351,906. The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 1.01. The company's 50-day moving average is $14.75 and its two-hundred day moving average is $13.83. Reckitt Benckiser Group has a 1-year low of $11.73 and a 1-year high of $15.82.

Reckitt Benckiser Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, September 25th. Investors of record on Monday, August 11th will be given a $0.2106 dividend. This represents a yield of 341.0%. The ex-dividend date is Friday, August 8th.

About Reckitt Benckiser Group

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.