Reckitt Benckiser Group (OTCMKTS:RBGLY) Sees Large Volume Increase – What’s Next?

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) saw an uptick in trading volume on Thursday . Approximately 1,445,075 shares changed hands during trading, an increase of 109% from the previous session’s volume of 690,592 shares.The stock last traded at $13.9920 and had previously closed at $14.06.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RBGLY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Reckitt Benckiser Group in a research report on Tuesday, June 30th. Zacks Research cut Reckitt Benckiser Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Kepler Capital Markets upgraded Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Finally, Jefferies Financial Group raised shares of Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Reckitt Benckiser Group Trading Down 0.4%

The company has a 50 day simple moving average of $13.37 and a two-hundred day simple moving average of $14.15. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 0.85.

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.