Reckitt Benckiser Group (OTCMKTS:RBGLY) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Reckitt Benckiser Group plc (OTCMKTS:RBGLY)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.86 and traded as high as $12.03. Reckitt Benckiser Group shares last traded at $12.03, with a volume of 418,019 shares trading hands.

Analyst Upgrades and Downgrades

RBGLY has been the subject of several recent analyst reports. Sanford C. Bernstein lowered shares of Reckitt Benckiser Group from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. Citigroup raised Reckitt Benckiser Group to a “strong-buy” rating in a research note on Tuesday, October 1st. HSBC upgraded Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 11th. Barclays raised shares of Reckitt Benckiser Group to a “strong-buy” rating in a research note on Friday, October 4th. Finally, Hsbc Global Res upgraded shares of Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy”.

Reckitt Benckiser Group Stock Performance

The firm’s 50 day moving average price is $12.15 and its 200-day moving average price is $11.86. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.69 and a quick ratio of 0.47.

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.