Reckitt Benckiser Group (OTCMKTS:RBGLY) Shares Gap Down – Here’s What Happened

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $13.39, but opened at $12.62. Reckitt Benckiser Group shares last traded at $12.64, with a volume of 12,125 shares changing hands.

Analysts Set New Price Targets

RBGLY has been the topic of a number of research reports. Kepler Capital Markets upgraded Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Zacks Research downgraded Reckitt Benckiser Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 7th. Morgan Stanley upgraded Reckitt Benckiser Group from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 16th. Citigroup started coverage on Reckitt Benckiser Group in a research note on Wednesday, January 14th. They set a “buy” rating for the company. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Reckitt Benckiser Group in a research note on Wednesday, January 7th. Three equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Reckitt Benckiser Group Trading Down 4.9%

The company has a debt-to-equity ratio of 0.98, a current ratio of 0.85 and a quick ratio of 0.63. The company has a 50-day moving average price of $15.09 and a 200-day moving average price of $15.67.

About Reckitt Benckiser Group

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.