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

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) shares gapped down before the market opened on Thursday . The stock had previously closed at $16.25, but opened at $14.9250. Reckitt Benckiser Group shares last traded at $15.0250, with a volume of 161,571 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts recently commented on RBGLY shares. Jefferies Financial Group reiterated a “hold” rating on shares of Reckitt Benckiser Group in a research report on Wednesday, January 7th. Royal Bank Of Canada cut Reckitt Benckiser Group from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 14th. Zacks Research raised shares of Reckitt Benckiser Group to a “hold” rating in a research note on Tuesday. Barclays raised shares of Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 1st. Finally, Morgan Stanley cut shares of Reckitt Benckiser Group from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 15th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Reckitt Benckiser Group currently has a consensus rating of “Moderate Buy”.

Reckitt Benckiser Group Price Performance

The company has a current ratio of 0.56, a quick ratio of 0.37 and a debt-to-equity ratio of 1.01. The business’s fifty day moving average is $16.81 and its two-hundred day moving average is $15.97.

Reckitt Benckiser Group Company Profile

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.