Reckitt Benckiser Group (OTCMKTS:RBGLY) Shares Gap Down - Here's Why

Key Points

• Reckitt Benckiser Group's shares gapped down from $15.20 to $14.55 before trading on Monday, with a last trading price of $15.15.
• Several analysts have a positive outlook on the stock, with four analysts rating it a Strong Buy and an average rating of "Buy."
• The company has declared a dividend of $0.2106 per share, with a dividend yield of 341.0%, set to be paid on September 25th.

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $15.20, but opened at $14.55. Reckitt Benckiser Group shares last traded at $15.15, with a volume of 14,307 shares trading hands.

Analyst Upgrades and Downgrades

RBGLY has been the topic of a number of recent analyst reports. Royal Bank Of Canada restated an "outperform" rating on shares of Reckitt Benckiser Group in a research report on Friday, July 25th. Sanford C. Bernstein upgraded shares of Reckitt Benckiser Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 5th. Four investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy".

Reckitt Benckiser Group Stock Down 1.3%

The company has a debt-to-equity ratio of 1.01, a current ratio of 0.56 and a quick ratio of 0.37. The stock's 50 day simple moving average is $14.40 and its two-hundred day simple moving average is $13.67.

Reckitt Benckiser Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, September 25th. Shareholders of record on Monday, August 11th will be paid a $0.2106 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a dividend yield of 341.0%.

About Reckitt Benckiser Group

Reckitt Benckiser Group plc manufactures and sells health, hygiene, and nutrition products worldwide. It offers acne treatment creams, facial washes, and cleansing pads; germ protection products; condoms; heartburn and indigestion solutions; joints health products; chest congestion, cough, and sinus remedies; brain health products; migraine-headaches and rheumatic pain products; sore throat medications; and hair removal products under the Airborne, Clearasil, Dettol, Durex, Gaviscon, Move Free, Neuriva, Nurofen, Mucinex, Strepsils, and Veet brands.