Reckitt Benckiser Group (OTCMKTS:RBGLY) Shares Gap Up – What’s Next?

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) shares gapped up prior to trading on Wednesday. The stock had previously closed at $13.08, but opened at $13.64. Reckitt Benckiser Group shares last traded at $13.5274, with a volume of 23,641 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Jefferies Financial Group upgraded Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a research note on Tuesday, July 21st. Zacks Research upgraded Reckitt Benckiser Group from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Reckitt Benckiser Group in a research note on Tuesday, June 30th. Finally, BNP Paribas Exane lowered shares of Reckitt Benckiser Group from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Reckitt Benckiser Group Stock Performance

The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98. The business has a 50-day moving average price of $13.85 and a two-hundred day moving average price of $13.42.

About Reckitt Benckiser Group

Reckitt Benckiser Group plc, now known as Reckitt, is a United Kingdom-based consumer health and hygiene company headquartered in Slough, England. The company develops, manufactures and markets products intended to support personal health, household cleanliness and hygiene.

Its brand portfolio includes consumer health products such as Nurofen, Strepsils, Mucinex and Durex, as well as household and hygiene brands including Dettol, Lysol, Finish and Vanish. Reckitt’s products are sold through retailers, pharmacies, e-commerce platforms and other distribution channels.

The company was formed in 1999 through the merger of Reckitt & Colman and Benckiser.