Reckitt Benckiser Group (OTCMKTS:RBGLY) Sees Large Volume Increase – Still a Buy?

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) saw strong trading volume on Friday . 1,031,152 shares changed hands during trading, an increase of 80% from the previous session’s volume of 573,626 shares.The stock last traded at $12.9950 and had previously closed at $12.98.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Citigroup started coverage on Reckitt Benckiser Group in a research report on Wednesday, January 14th. They set 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. Jefferies Financial Group reissued a “hold” rating on shares of Reckitt Benckiser Group in a research note on Wednesday, January 7th. Zacks Research cut Reckitt Benckiser Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 7th. Finally, Royal Bank Of Canada cut Reckitt Benckiser Group from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 14th. Three equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Reckitt Benckiser Group Stock Up 0.1%

The company has a fifty day moving average price of $14.91 and a two-hundred day moving average price of $15.63. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.85 and a quick ratio of 0.63.

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.