Reckitt Benckiser Group (OTCMKTS:RBGLY) Reaches New 1-Year Low - Here's Why

Key Points

• Reckitt's ADR hit a new 52-week low of $12.5150 and was last trading around $12.61 on volume of about 140,110 shares, down roughly 0.9%.
• Analyst views are mixed but the consensus is a Moderate Buy, with 3 Strong Buy, 2 Buy, 3 Hold and 1 Sell ratings.
• Technical and liquidity signals are weakening: the stock trades below its 50‑day ($14.43) and 200‑day ($15.55) moving averages, and the company shows a debt/equity of 0.98 with current and quick ratios of 0.85 and 0.63.

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY - Get Free Report)'s share price reached a new 52-week low on Tuesday . The stock traded as low as $12.5150 and last traded at $12.6051, with a volume of 140110 shares changing hands. The stock had previously closed at $12.77.

Wall Street Analyst Weigh In

Several analysts have weighed in on RBGLY shares. Kepler Capital Markets raised Reckitt Benckiser Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 17th. Royal Bank Of Canada cut Reckitt Benckiser Group from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, January 14th. Citigroup started coverage on Reckitt Benckiser Group in a research report on Wednesday, January 14th. They set a "buy" rating on the stock. Zacks Research cut Reckitt Benckiser Group from a "hold" rating to a "strong sell" rating in a research report on Tuesday, April 7th. Finally, Jefferies Financial Group reissued a "hold" rating on shares of Reckitt Benckiser Group in a research report on Wednesday, January 7th. Three research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Reckitt Benckiser Group Trading Down 0.9%

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 business has a 50-day moving average price of $14.43 and a 200 day moving average price of $15.55.

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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