Reckitt Benckiser Group (OTCMKTS:RBGLY) Sets New 12-Month Low – Here’s Why

Shares of Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) 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 issued reports on the company. Zacks Research downgraded Reckitt Benckiser Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 7th. Citigroup started coverage on Reckitt Benckiser Group in a research report on Wednesday, January 14th. They issued a “buy” rating for the company. Kepler Capital Markets raised Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Royal Bank Of Canada lowered shares of Reckitt Benckiser Group from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 14th. Finally, Morgan Stanley upgraded shares of Reckitt Benckiser Group from an “equal weight” rating to an “overweight” rating in a report on Monday, March 16th. 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 stock. According to data from MarketBeat, the company has a consensus 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 company has a 50 day simple moving average of $14.15 and a 200-day simple moving average 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.