Reckitt Benckiser Group (OTCMKTS:RBGLY) Reaches New 52-Week Low – Here’s What Happened

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $12.5150 and last traded at $12.6051, with a volume of 140110 shares changing hands. The stock had previously closed at $12.77.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RBGLY. Jefferies Financial Group restated a “hold” rating on shares of Reckitt Benckiser Group in a report on Wednesday, January 7th. Kepler Capital Markets raised shares of Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Royal Bank Of Canada downgraded shares of Reckitt Benckiser Group from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 14th. Zacks Research lowered shares of Reckitt Benckiser Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 7th. Finally, Citigroup initiated coverage on shares of Reckitt Benckiser Group in a report on Wednesday, January 14th. They set a “buy” rating for the company. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Reckitt Benckiser Group Stock Performance

The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.98. The stock has a fifty day moving average price of $14.15 and a two-hundred day moving average price of $15.49.

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.