Reckitt Benckiser Group PLC (OTCMKTS:RBGLY – Get Free Report) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 230,683 shares, a drop of 72.6% from the April 30th total of 842,591 shares. Based on an average daily volume of 1,510,002 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are short sold.
Reckitt Benckiser Group Stock Down 1.2%
Shares of RBGLY opened at $12.78 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 0.85. The company’s 50 day simple moving average is $13.27 and its 200-day simple moving average is $15.18. Reckitt Benckiser Group has a 12-month low of $12.27 and a 12-month high of $17.80.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on RBGLY shares. Kepler Capital Markets raised shares of Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Morgan Stanley raised shares of Reckitt Benckiser Group from an “equal weight” rating to an “overweight” rating in a report on Monday, March 16th. Finally, Zacks Research cut shares of Reckitt Benckiser Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 7th. Three investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Reckitt Benckiser Group has an average rating of “Moderate Buy”.
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.
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