Reckitt Benckiser Group plc (OTCMKTS:RBGLY – Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.03 and traded as low as $13.31. Reckitt Benckiser Group shares last traded at $13.35, with a volume of 2,702,454 shares traded.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. Berenberg Bank cut Reckitt Benckiser Group from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Barclays dropped their price objective on Reckitt Benckiser Group from GBX 7,700 ($93.70) to GBX 7,400 ($90.05) in a report on Monday, October 2nd. HSBC cut Reckitt Benckiser Group from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Finally, BNP Paribas cut Reckitt Benckiser Group from a “neutral” rating to an “underperform” rating in a report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $7,065.00.
Reckitt Benckiser Group Price Performance
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.
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