Reckitt Benckiser Group (OTCMKTS:RBGLY) Shares Gap Up – Should You Buy?

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY)’s stock price gapped up before the market opened on Wednesday. The stock had previously closed at $13.30, but opened at $13.64. Reckitt Benckiser Group shares last traded at $13.59, with a volume of 89,785 shares traded.

Analysts Set New Price Targets

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

Reckitt Benckiser Group Trading Up 2.0%

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 stock has a 50-day simple moving average of $13.82 and a 200-day simple moving average of $13.38.

Reckitt Benckiser Group Company Profile

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.