Reckitt Benckiser Group (OTCMKTS:RBGLY) Shares Gap Up – What’s Next?

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY)’s stock price gapped up prior to trading on Wednesday. The stock had previously closed at $13.08, but opened at $13.64. Reckitt Benckiser Group shares last traded at $13.5274, with a volume of 23,641 shares trading hands.

Analysts Set New Price Targets

RBGLY has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Reckitt Benckiser Group in a report on Tuesday, June 30th. Jefferies Financial Group raised Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a report on Tuesday, July 21st. BNP Paribas Exane cut shares of Reckitt Benckiser Group from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 2nd. Finally, Zacks Research raised shares of Reckitt Benckiser Group from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Reckitt Benckiser Group Trading Up 3.1%

The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98. The company has a fifty day moving average of $13.85 and a 200 day moving average of $13.42.

About Reckitt Benckiser Group

Reckitt Benckiser Group plc, now known as Reckitt, is a United Kingdom-based consumer health and hygiene company headquartered in Slough, England. The company develops, manufactures and markets products intended to support personal health, household cleanliness and hygiene.

Its brand portfolio includes consumer health products such as Nurofen, Strepsils, Mucinex and Durex, as well as household and hygiene brands including Dettol, Lysol, Finish and Vanish. Reckitt’s products are sold through retailers, pharmacies, e-commerce platforms and other distribution channels.

The company was formed in 1999 through the merger of Reckitt & Colman and Benckiser.