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

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $14.18 and traded as low as $14.16. Reckitt Benckiser Group shares last traded at $14.31, with a volume of 280,123 shares.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on RBGLY. 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 upgraded shares of Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a report on Tuesday, July 21st. Zacks Research cut Reckitt Benckiser Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Reckitt Benckiser Group in a report on Tuesday, June 30th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Reckitt Benckiser Group presently has an average rating of “Moderate Buy”.

Reckitt Benckiser Group Price Performance

The company’s fifty day simple moving average is $13.33 and its 200 day simple moving average is $14.16. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.85 and a quick ratio of 0.63.

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.