Reckitt Benckiser Group (OTCMKTS:RBGLY) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $15.95 and traded as low as $14.11. Reckitt Benckiser Group shares last traded at $14.13, with a volume of 733,330 shares traded.

Wall Street Analyst Weigh In

RBGLY has been the topic of a number of recent analyst reports. Jefferies Financial Group reiterated a “hold” rating on shares of Reckitt Benckiser Group in a report on Wednesday, January 7th. Barclays upgraded shares of Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. Morgan Stanley cut Reckitt Benckiser Group from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 15th. Citigroup began coverage on Reckitt Benckiser Group in a report on Wednesday, January 14th. They issued a “buy” rating for the company. Finally, Royal Bank Of Canada cut Reckitt Benckiser Group from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 14th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Reckitt Benckiser Group Price Performance

The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 1.01. The business’s 50 day moving average price is $16.63 and its 200 day moving average price is $15.95.

About Reckitt Benckiser Group

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.