Reckitt Benckiser Group (OTCMKTS:RBGLY) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.74 and traded as low as $13.7075. Reckitt Benckiser Group shares last traded at $13.79, with a volume of 953,048 shares changing hands.

Analysts Set New Price Targets

Several analysts recently commented on the stock. BNP Paribas Exane downgraded shares of Reckitt Benckiser Group from an “outperform” rating to a “neutral” rating in a research report on Wednesday, September 2nd. Jefferies Financial Group upgraded shares of Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Reckitt Benckiser Group in a report on Tuesday, June 30th. Finally, Zacks Research upgraded shares of Reckitt Benckiser Group from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. Two equities research 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. According to data from MarketBeat.com, Reckitt Benckiser Group has a consensus rating of “Moderate Buy”.

Reckitt Benckiser Group Trading Up 1.3%

The company’s 50 day simple moving average is $13.91 and its 200-day simple moving average is $13.68. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 0.85.

Reckitt Benckiser Group Company Profile

Reckitt Benckiser Group plc, operating under the Reckitt name, is a global consumer health and hygiene company headquartered in Slough, England. The company develops, manufactures and markets products intended to support personal health, household hygiene and nutrition, selling through retailers, pharmacies and e-commerce channels.

Its portfolio includes well-known brands such as Dettol and Lysol in hygiene; Durex in sexual wellness; Nurofen, Strepsils and Mucinex in consumer health; and Finish in dishwashing products.