Reckitt Benckiser Group (OTCMKTS:RBGLY) Sets New 52-Week High – Time to Buy?

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) shares hit a new 52-week high during trading on Monday . The company traded as high as $16.77 and last traded at $16.77, with a volume of 14312 shares. The stock had previously closed at $16.59.

Analyst Ratings Changes

Several brokerages recently weighed in on RBGLY. Barclays raised Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. Royal Bank Of Canada restated an “outperform” rating on shares of Reckitt Benckiser Group in a research report on Thursday, October 23rd. Jefferies Financial Group reissued a “hold” rating on shares of Reckitt Benckiser Group in a research note on Wednesday, January 7th. Morgan Stanley lowered Reckitt Benckiser Group from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Reckitt Benckiser Group in a report on Monday, October 27th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Reckitt Benckiser Group Stock Up 1.1%

The company has a 50 day simple moving average of $15.86 and a 200 day simple moving average of $15.27. The company has a current ratio of 0.56, a quick ratio of 0.37 and a debt-to-equity ratio of 1.01.

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.