Reckitt Benckiser Group (OTCMKTS:RBGLY) Shares Pass Below 200 Day Moving Average of $13.28

Reckitt Benckiser Group plc (OTCMKTS:RBGLY)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.28 and traded as low as $10.88. Reckitt Benckiser Group shares last traded at $10.98, with a volume of 860,961 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas raised Reckitt Benckiser Group from an “underperform” rating to a “neutral” rating in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $6,978.00.

Reckitt Benckiser Group Price Performance

The firm has a 50-day moving average price of $12.07 and a 200-day moving average price of $13.28.

Reckitt Benckiser Group Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, April 12th will be given a $0.2701 dividend. The ex-dividend date is Thursday, April 11th. This is a positive change from Reckitt Benckiser Group’s previous dividend of $0.18.

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.