Reckitt Benckiser Group (OTCMKTS:RBGLY) Shares Pass Below 200 Day Moving Average – What’s Next?

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.20 and traded as low as $12.88. Reckitt Benckiser Group shares last traded at $12.94, with a volume of 329,368 shares.

Analysts Set New Price Targets

Several brokerages have weighed in on RBGLY. Morgan Stanley raised Reckitt Benckiser Group from an “equal weight” rating to an “overweight” rating in a report on Monday, March 16th. Kepler Capital Markets raised Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Finally, Zacks Research downgraded shares of Reckitt Benckiser Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 7th. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Reckitt Benckiser Group currently has a consensus rating of “Moderate Buy”.

Reckitt Benckiser Group Price Performance

The company has a debt-to-equity ratio of 0.98, a current ratio of 0.85 and a quick ratio of 0.63. The company has a 50-day moving average price of $13.30 and a two-hundred day moving average price of $15.20.

Reckitt Benckiser Group Company Profile

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.