RBGLY - Reckitt Benckiser: Attractive Price For Its Stable Of Brands (Rating Upgrade)
2024-06-05 00:42:56 ET
Summary
- Reckitt, a consumer goods producer, has experienced a decline in share price due to concerns over its nutrition business and ongoing legal issues.
- Despite underwhelming business performance, Reckitt's hygiene brands have shown growth and the company forecasts 2-4% net revenue growth for the current year.
- The company's share price has been overly punished, presenting an attractive valuation opportunity with a P/E ratio of 14 and strong brand assets.
Consumer goods producer Reckitt Benckiser ( RBGLY ) has had a very bumpy few months....
Reckitt Benckiser: Attractive Price For Its Stable Of Brands (Rating Upgrade)