Reckitt Benckiser Group (OTCMKTS:RBGLY) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $15.76 and traded as high as $16.26. Reckitt Benckiser Group shares last traded at $16.24, with a volume of 118,665 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Morgan Stanley downgraded shares of Reckitt Benckiser Group from an “overweight” rating to an “equal weight” rating in a report on Monday, December 15th. Barclays upgraded shares of Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 1st. Royal Bank Of Canada restated an “outperform” rating on shares of Reckitt Benckiser Group in a research note on Thursday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Reckitt Benckiser Group in a report on Monday, October 27th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Reckitt Benckiser Group Price Performance

The stock’s 50-day simple moving average is $15.77 and its two-hundred day simple moving average is $15.16. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.56 and a quick ratio of 0.37.

About Reckitt Benckiser Group

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.