Reckitt Benckiser Group (OTCMKTS:RBGLY) Reaches New 52-Week High – What’s Next?

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) shares hit a new 52-week high during trading on Friday . The company traded as high as $16.37 and last traded at $16.28, with a volume of 143295 shares traded. The stock had previously closed at $16.17.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RBGLY. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Reckitt Benckiser Group in a research note on Monday, October 27th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Reckitt Benckiser Group in a research report on Thursday, October 23rd. Morgan Stanley cut shares of Reckitt Benckiser Group from an “overweight” rating to an “equal weight” rating in a research note on Monday. Finally, Barclays raised shares of Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 1st. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Reckitt Benckiser Group Stock Up 0.9%

The company’s 50-day moving average price is $15.64 and its 200 day moving average price is $14.98. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.37 and a current ratio of 0.56.

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.