Reckitt Benckiser Group (OTCMKTS:RBGLY) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Reckitt Benckiser Group plc (OTCMKTS:RBGLY) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.86 and traded as high as $12.03. Reckitt Benckiser Group shares last traded at $12.03, with a volume of 418,019 shares changing hands.

Wall Street Analysts Forecast Growth

RBGLY has been the topic of a number of analyst reports. Citigroup raised shares of Reckitt Benckiser Group to a “strong-buy” rating in a research note on Tuesday, October 1st. Barclays raised shares of Reckitt Benckiser Group to a “strong-buy” rating in a research report on Friday, October 4th. Hsbc Global Res upgraded Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Sanford C. Bernstein lowered Reckitt Benckiser Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. Finally, HSBC raised Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Reckitt Benckiser Group Stock Up 1.5 %

The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.47 and a current ratio of 0.69. The firm has a 50-day moving average price of $12.14 and a 200 day moving average price of $11.87.

Reckitt Benckiser Group Company Profile

Reckitt Benckiser Group plc manufactures and sells health, hygiene, and nutrition products worldwide. It offers acne treatment creams, facial washes, and cleansing pads; germ protection products; condoms; heartburn and indigestion solutions; joints health products; chest congestion, cough, and sinus remedies; brain health products; migraine-headaches and rheumatic pain products; sore throat medications; and hair removal products under the Airborne, Clearasil, Dettol, Durex, Gaviscon, Move Free, Neuriva, Nurofen, Mucinex, Strepsils, and Veet brands.