Reckitt Benckiser Group (OTCMKTS:RBGLY) Shares Gap Down - Should You Sell?

Key Points

• Reckitt Benckiser shares fell 5.2%, opening at $13.98 versus the prior close of $14.74 and last trading near $13.97 on volume of 10,448 shares.
• Analyst sentiment is generally positive: Goldman Sachs and Jefferies upgraded the stock to “buy,” while Zacks upgraded it to “hold.” Overall, MarketBeat reports a “Moderate Buy” consensus from analysts.
• The company has relatively high leverage and limited liquidity, with a debt-to-equity ratio of 1.31, a current ratio of 0.59 and a quick ratio of 0.40.

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY - Get Free Report)'s stock price gapped down before the market opened on Tuesday. The stock had previously closed at $14.74, but opened at $13.98. Reckitt Benckiser Group shares last traded at $13.97, with a volume of 10,448 shares traded.

Wall Street Analyst Weigh In

Several research firms have issued reports on RBGLY. The Goldman Sachs Group raised Reckitt Benckiser Group from a "hold" rating to a "buy" rating in a research note on Wednesday, October 7th. Zacks Research raised Reckitt Benckiser Group from a "strong sell" rating to a "hold" rating in a research report on Friday, August 28th. Jefferies Financial Group upgraded Reckitt Benckiser Group from a "hold" rating to a "buy" rating in a report on Tuesday, July 21st. BNP Paribas Exane lowered Reckitt Benckiser Group from an "outperform" rating to a "neutral" rating in a research report on Wednesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Reckitt Benckiser Group in a research note on Tuesday, June 30th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Reckitt Benckiser Group Trading Down 5.2%

The company has a debt-to-equity ratio of 1.31, a current ratio of 0.59 and a quick ratio of 0.40. The firm's 50 day simple moving average is $13.85 and its 200-day simple moving average is $14.21.

About Reckitt Benckiser Group

Reckitt Benckiser Group plc, now operating under the Reckitt name, is a global consumer health and hygiene company headquartered in Slough, England. The company develops, manufactures and markets branded products intended to support personal health, household cleanliness and everyday hygiene.

Its portfolio includes consumer health brands such as Nurofen, Strepsils, Gaviscon, Mucinex and Durex, as well as hygiene and household brands including Dettol, Lysol, Finish and Harpic. Reckitt sells products through pharmacies, supermarkets, mass retailers, e-commerce platforms and other distribution channels.

The company was formed in 1999 through the merger of the British household-products manufacturer Reckitt & Colman and the Dutch company Benckiser.

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