Reckitt Benckiser Group (OTCMKTS:RBGLY) Hits New 12-Month Low – What’s Next?

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) shares reached a new 52-week low on Monday . The stock traded as low as $12.45 and last traded at $12.48, with a volume of 224757 shares. The stock had previously closed at $12.89.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on RBGLY shares. 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 research report on Wednesday, January 14th. Morgan Stanley raised shares of Reckitt Benckiser Group from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 16th. Citigroup started coverage on shares of Reckitt Benckiser Group in a research report on Wednesday, January 14th. They issued a “buy” rating for the company. Finally, Zacks Research downgraded shares of Reckitt Benckiser Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 7th. Three analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Reckitt Benckiser Group Stock Down 1.3%

The company’s fifty day moving average price is $13.86 and its 200 day moving average price is $15.42. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.85 and a quick ratio of 0.63.

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.