Reckitt Benckiser Group (OTCMKTS:RBGLY) Sets New 1-Year High – Here’s Why

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $16.40 and last traded at $16.18, with a volume of 320765 shares changing hands. The stock had previously closed at $16.17.

Analyst Ratings Changes

RBGLY has been the subject of a number of recent analyst reports. Barclays raised Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 1st. Morgan Stanley cut Reckitt Benckiser Group from an “overweight” rating to an “equal weight” rating in a report on Monday, December 15th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Reckitt Benckiser Group in a report on Thursday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Reckitt Benckiser Group in a report on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Reckitt Benckiser Group Stock Up 0.2%

The stock has a 50 day moving average of $15.73 and a 200-day moving average of $15.08. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.37 and a current ratio of 0.56.

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.