Reckitt Benckiser Group (OTCMKTS:RBGLY) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $14.43 and traded as low as $13.62. Reckitt Benckiser Group shares last traded at $13.70, with a volume of 1,349,067 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on RBGLY shares. Kepler Capital Markets raised shares of Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Jefferies Financial Group raised shares of Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Reckitt Benckiser Group in a research note on Tuesday, June 30th. Finally, Zacks Research upgraded shares of Reckitt Benckiser Group from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Reckitt Benckiser Group presently has an average rating of “Moderate Buy”.

Reckitt Benckiser Group Stock Up 1.9%

The firm has a 50 day moving average price of $12.92 and a two-hundred day moving average price of $14.40. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 0.85.

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.