Reckitt Benckiser Group (OTCMKTS:RBGLY) Stock Price Crosses Below Two Hundred Day Moving Average of $15.26

Reckitt Benckiser Group plc (OTCMKTS:RBGLY) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.26 and traded as low as $14.49. Reckitt Benckiser Group shares last traded at $14.55, with a volume of 2,417,624 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts recently commented on RBGLY shares. Barclays reduced their price objective on shares of Reckitt Benckiser Group from GBX 8,400 ($105.12) to GBX 7,700 ($96.36) in a research note on Thursday, July 27th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Reckitt Benckiser Group from GBX 6,350 ($79.46) to GBX 6,250 ($78.21) in a research note on Friday, June 30th. Finally, Berenberg Bank reduced their price objective on shares of Reckitt Benckiser Group from GBX 7,640 ($95.61) to GBX 7,340 ($91.85) in a research note on Thursday, July 27th.

Reckitt Benckiser Group Price Performance

The company has a fifty day simple moving average of $14.76 and a two-hundred day simple moving average of $15.26. The company has a quick ratio of 0.41, a current ratio of 0.63 and a debt-to-equity ratio of 0.76.

Reckitt Benckiser Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, September 22nd. Stockholders of record on Monday, August 7th will be paid a dividend of $0.1817 per share. The ex-dividend date is Friday, August 4th.

About Reckitt Benckiser Group

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.