Reckitt Benckiser Group (OTCMKTS:RBGLY) Hits New 52-Week High – Still a Buy?

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY)’s share price reached a new 52-week high on Monday . The stock traded as high as $16.77 and last traded at $16.77, with a volume of 14312 shares. The stock had previously closed at $16.59.

Wall Street Analyst Weigh In

A number of research firms recently commented on RBGLY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Reckitt Benckiser Group in a research note on Monday, October 27th. Royal Bank Of Canada lowered shares of Reckitt Benckiser Group from an “outperform” rating to a “sector perform” rating in a research report 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. Jefferies Financial Group reiterated a “hold” rating on shares of Reckitt Benckiser Group in a report on Wednesday, January 7th. Finally, Barclays upgraded Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. Two investment analysts have rated the stock with a Strong Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Reckitt Benckiser Group Stock Down 0.4%

The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.37 and a current ratio of 0.56. The stock has a 50-day simple moving average of $15.92 and a 200-day simple moving average of $15.31.

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.