Reckitt Benckiser Group (OTCMKTS:RBGLY) Hits New 12-Month High – Here’s What Happened

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $16.51 and last traded at $16.50, with a volume of 24322 shares traded. The stock had previously closed at $16.25.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Barclays raised Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 1st. Jefferies Financial Group reissued a “hold” rating on shares of Reckitt Benckiser Group in a research note on Wednesday. Morgan Stanley lowered shares of Reckitt Benckiser Group from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 15th. Royal Bank Of Canada restated an “outperform” rating on shares of Reckitt Benckiser Group in a research note on Thursday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Reckitt Benckiser Group in a report on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Reckitt Benckiser Group Trading Down 0.5%

The company has a debt-to-equity ratio of 1.01, a current ratio of 0.56 and a quick ratio of 0.37. The business’s 50-day moving average price is $15.81 and its 200-day moving average price is $15.22.

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.