Reckitt Benckiser Group (OTCMKTS:RBGLY) Sees Strong Trading Volume – Here’s What Happened

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) shares saw an uptick in trading volume on Tuesday . 1,202,850 shares were traded during mid-day trading, an increase of 258% from the previous session’s volume of 335,676 shares.The stock last traded at $16.1570 and had previously closed at $16.22.

Wall Street Analyst Weigh In

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

Reckitt Benckiser Group Trading Up 0.1%

The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 1.01. The firm’s 50 day simple moving average is $15.71 and its 200 day simple moving average is $15.05.

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.