Reckitt Benckiser Group (OTCMKTS:RBGLY) Shares Gap Up – Here’s Why

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) gapped up prior to trading on Tuesday . The stock had previously closed at $13.93, but opened at $14.49. Reckitt Benckiser Group shares last traded at $14.53, with a volume of 99,198 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RBGLY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Reckitt Benckiser Group in a research note on Tuesday, June 30th. Zacks Research raised Reckitt Benckiser Group from a “strong sell” rating to a “hold” rating in a research note on Friday. Finally, Jefferies Financial Group upgraded Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Reckitt Benckiser Group has a consensus rating of “Moderate Buy”.

Reckitt Benckiser Group Price Performance

The company has a debt-to-equity ratio of 0.98, a current ratio of 0.85 and a quick ratio of 0.63. The firm has a 50 day moving average of $13.77 and a 200-day moving average of $13.88.

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.