Reckitt Benckiser Group (OTCMKTS:RBGLY) Share Price Passes Above 200-Day Moving Average – What’s Next?

Reckitt Benckiser Group plc (OTCMKTS:RBGLY)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.64 and traded as high as $13.54. Reckitt Benckiser Group shares last traded at $13.10, with a volume of 353,604 shares.

Analyst Ratings Changes

A number of brokerages have issued reports on RBGLY. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Reckitt Benckiser Group in a research note on Friday, March 7th. HSBC upgraded Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 11th. Barclays lowered Reckitt Benckiser Group from an “overweight” rating to an “equal weight” rating in a report on Tuesday, February 4th. Finally, Hsbc Global Res raised shares of Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Reckitt Benckiser Group Price Performance

The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.47 and a current ratio of 0.69. The business has a 50-day moving average price of $13.36 and a 200 day moving average price of $12.64.

Reckitt Benckiser Group Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 5th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.2909 per share. This is an increase from Reckitt Benckiser Group’s previous dividend of $0.19. The ex-dividend date is Friday, April 11th.

Reckitt Benckiser Group Company Profile

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.