Reckitt Benckiser Group (OTCMKTS:RBGLY) Sees Unusually-High Trading Volume After Analyst Upgrade

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) shares saw an uptick in trading volume on Friday after Kepler Capital Markets upgraded the stock from a hold rating to a strong-buy rating. 1,038,513 shares were traded during mid-day trading, an increase of 93% from the previous session’s volume of 539,304 shares.The stock last traded at $14.19 and had previously closed at $13.64.

A number of other research firms have also commented on RBGLY. Citigroup began coverage on Reckitt Benckiser Group in a research note on Wednesday, January 14th. They issued a “buy” rating on the stock. Morgan Stanley raised Reckitt Benckiser Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 16th. Zacks Research lowered Reckitt Benckiser Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 7th. Royal Bank Of Canada lowered Reckitt Benckiser Group from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 14th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Reckitt Benckiser Group in a research note on Wednesday, January 7th. Three investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Reckitt Benckiser Group Trading Up 3.8%

The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98. The business has a 50-day moving average price of $15.24 and a two-hundred day moving average price of $15.69.

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.