Reckitt Benckiser Group (OTCMKTS:RBGLY) Shares Gap Down – Should You Sell?

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) gapped down before the market opened on Thursday . The stock had previously closed at $16.25, but opened at $14.9250. Reckitt Benckiser Group shares last traded at $15.0250, with a volume of 161,571 shares changing hands.

Wall Street Analysts Forecast Growth

RBGLY has been the topic of several research reports. Citigroup assumed coverage on Reckitt Benckiser Group in a research note on Wednesday, January 14th. They set a “buy” rating on the stock. Barclays upgraded shares of Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. Zacks Research upgraded shares of Reckitt Benckiser Group to a “hold” rating in a report on Tuesday. Jefferies Financial Group reaffirmed a “hold” rating on shares of Reckitt Benckiser Group in a research report on Wednesday, January 7th. Finally, Royal Bank Of Canada lowered shares of Reckitt Benckiser Group from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 14th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Reckitt Benckiser Group Trading Down 5.3%

The business’s fifty day moving average price is $16.81 and its two-hundred day moving average price is $15.97. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.56 and a quick ratio of 0.37.

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.