Reckitt Benckiser Group (OTCMKTS:RBGLY) Stock Passes Below 200-Day Moving Average of $15.24

Shares of Reckitt Benckiser Group plc (OTCMKTS:RBGLY) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.24 and traded as low as $14.30. Reckitt Benckiser Group shares last traded at $14.34, with a volume of 298,783 shares.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RBGLY. Berenberg Bank reduced their price target on shares of Reckitt Benckiser Group from GBX 7,640 ($96.31) to GBX 7,340 ($92.52) in a research note on Thursday, July 27th. Barclays reduced their price target on shares of Reckitt Benckiser Group from GBX 8,400 ($105.89) to GBX 7,700 ($97.06) in a research note on Thursday, July 27th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Reckitt Benckiser Group from GBX 6,350 ($80.05) to GBX 6,250 ($78.78) in a research report on Friday, June 30th.

Reckitt Benckiser Group Trading Down 0.5 %

The company has a debt-to-equity ratio of 0.76, a current ratio of 0.63 and a quick ratio of 0.41. The business’s fifty day moving average price is $14.87 and its two-hundred day moving average price is $15.24.

Reckitt Benckiser Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, September 22nd. Stockholders of record on Monday, August 7th will be issued a $0.1817 dividend. The ex-dividend date of this dividend is Friday, August 4th.

Reckitt Benckiser Group Company Profile

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; vaginal care routine products; sore throat medications; and hair removal products under the Clearasil, Dettol, Durex, Gaviscon, Nurofen, Mucinex, Queen V, Strepsils, and Veet brands.