Reckitt Benckiser Group (OTCMKTS:RBGLY) Hits New 12-Month Low – Should You Sell?

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $12.58 and last traded at $12.65, with a volume of 503480 shares trading hands. The stock had previously closed at $12.90.

Analyst Ratings Changes

RBGLY has been the topic of several recent analyst reports. Jefferies Financial Group reaffirmed a “hold” rating on shares of Reckitt Benckiser Group in a report on Wednesday, January 7th. Royal Bank Of Canada cut 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 report on Tuesday, April 7th. Citigroup initiated coverage on shares of Reckitt Benckiser Group in a research report on Wednesday, January 14th. They set a “buy” rating for the company. Finally, Kepler Capital Markets upgraded shares of Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Three analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Reckitt Benckiser Group Price Performance

The firm’s 50-day moving average price is $14.43 and its 200 day moving average price is $15.55. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98.

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.