Reckitt Benckiser Group PLC (OTCMKTS:RBGLY – Get Free Report) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 1,009,848 shares, an increase of 183.1% from the May 31st total of 356,701 shares. Based on an average daily trading volume, of 2,552,422 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are sold short.
Reckitt Benckiser Group Stock Performance
Reckitt Benckiser Group stock traded up $0.26 during midday trading on Friday, hitting $13.07. The company’s stock had a trading volume of 808,720 shares, compared to its average volume of 1,178,491. Reckitt Benckiser Group has a 1-year low of $12.02 and a 1-year high of $17.80. 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 $12.70 and a two-hundred day moving average price of $14.73.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on RBGLY shares. Kepler Capital Markets upgraded shares of Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Zacks Research raised Reckitt Benckiser Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Finally, Morgan Stanley raised Reckitt Benckiser Group from an “equal weight” rating to an “overweight” rating in a report on Monday, March 16th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.
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.
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