Reckitt Benckiser Is Still A 'Hold' Despite The New Strategy [Seeking Alpha]
RECKITT BENCKISR GP S/ADR (RBGLY)
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Source: Seeking Alpha
Follow Play 15min Summary Reckitt Benckiser was reporting mediocre half-year results, but like-for-like revenue grew a little and free cash flow also improved. Additionally, management announced its new strategy to bring the company on the path of growth again. The stock remains a "Hold" but higher growth rates seem possible again. Supatman Reckitt Benckiser Group plc ( OTCPK:RBGPF ) is one of the businesses that is struggling for a long time and when investors are talking about a bull market that is now lasting for 15 years (we could argue if it was interrupted in 2020), Reckitt Benckiser investors probably will ask: What bull market? For more than seven years – since 2017 – Reckitt Benckiser is in a bear market and so far, there don't seem to be many signs for optimism. Data by YCharts In my last article , which was published in late March 2024, I downgraded Reckitt Benckiser to “Hold” but since then, the stock generated a total return of 16% and was even able t
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