Jefferies Financial Group comments on the 2022 financial year results of Reckitt Benckiser Group plc (OTCMKTS:RBGLY)

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Reckitt Benckiser plc Group (OTCMKTS: RBGLYGet a rating) – Jefferies Financial Group research analysts raised their fiscal 2022 earnings per share estimates for Reckitt Benckiser Group in a report released Tuesday, June 28. Jefferies Financial Group analyst Deboo now expects the company to earn $0.79 per share for the year, up from his previous forecast of $0.78. Jefferies Financial Group has an “underperforming” rating on the stock. The consensus estimate for Reckitt Benckiser Group’s current annual earnings is $0.79 per share.

Several other equity research analysts also commented on RBGLY. Societe Generale downgraded shares of Reckitt Benckiser Group from a “buy” rating to a “sell” rating in a Wednesday, March 16 research note. Royal Bank of Canada upgraded the Reckitt Benckiser Group from an “sector performance” rating to an “outperform” rating in a Wednesday, May 18 report. Sanford C. Bernstein downgraded the Reckitt Benckiser Group from a “market performing” rating to an “underperforming” rating in a Monday, March 14 research memo. UBS Group raised its price target on Reckitt Benckiser Group from 7,700 GBX ($94.47) to 8,000 GBX ($98.15) in a Tuesday, May 3 research note. Finally, Exane BNP Paribas raised shares of the Reckitt Benckiser group from an “underperforming” rating to a “neutral” rating in a research report on Monday, March 14. Three research analysts rated the stock with a sell rating, one issued a hold rating and seven assigned the company a buy rating. According to MarketBeat.com, Reckitt Benckiser Group has an average rating of “Hold” and a consensus target price of $7,775.00.

Shares of OTCMKTS: RBGLY opened at $15.23 on Thursday. The company has a 50-day simple moving average of $15.61 and a 200-day simple moving average of $16.13. Reckitt Benckiser Group has a 12-month low of $14.38 and a 12-month high of $18.55. The company has a debt ratio of 0.95, a quick ratio of 0.44 and a current ratio of 0.62.

The company also recently announced a dividend, which was paid on Thursday, June 16. Shareholders of record on Friday, April 29 received a dividend of $0.2432. The ex-dividend date was Thursday, April 28. This represents a dividend yield of 2.63%.

Reckitt Benckiser Group Company Profile (Get a rating)

Reckitt Benckiser Group plc manufactures and sells health, hygiene and nutrition products in the UK, USA, China, India and internationally. The company offers acne treatment creams, facial cleansers and cleansing pads; disinfection, hygiene and first aid products; condoms, sex toys and lubricants; solutions for heartburn and indigestion; and cough and chest congestion, multiple symptom and sinus remedies for adults and children under the brand names Clearasil, Dettol, Durex, Gaviscon and Mucinex.

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