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

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) shares saw unusually-strong trading volume on Tuesday. 2,062,834 shares traded hands during trading, an increase of 238% from the average daily volume of 610,661 shares. The stock last traded at $15.22 and had previously closed at $15.15.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on RBGLY. UBS Group reaffirmed a “buy” rating on shares of Reckitt Benckiser Group in a research note on Wednesday, October 28th. The Goldman Sachs Group upgraded shares of Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 7th. BNP Paribas Exane downgraded shares of Reckitt Benckiser Group from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 2nd. Jefferies Financial Group raised shares of Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a research note on Tuesday, July 21st. Finally, Zacks Research upgraded shares of Reckitt Benckiser Group from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Reckitt Benckiser Group Stock Up 0.5%

The company has a quick ratio of 0.40, a current ratio of 0.59 and a debt-to-equity ratio of 1.31. The company’s fifty day moving average price is $14.02 and its two-hundred day moving average price is $14.11.

Reckitt Benckiser Group Company Profile

Reckitt Benckiser Group plc, which operates under the Reckitt name, is a global consumer goods company focused on health, hygiene and nutrition. Its products include household cleaning and disinfecting goods, personal care items, over-the-counter medicines and infant formula. The company’s portfolio includes brands such as Dettol, Lysol, Finish, Durex, Strepsils, Nurofen and Enfamil. Its products are sold in markets around the world through retailers, pharmacies and other distribution channels. Reckitt was formed in 1999 through the merger of British company Reckitt & Colman and Dutch company Benckiser.