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

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) shares saw unusually-strong trading volume on Friday . Approximately 506,798 shares changed hands during mid-day trading, an increase of 75% from the previous session’s volume of 289,987 shares.The stock last traded at $16.3804 and had previously closed at $16.39.

Analyst Ratings Changes

Several brokerages have weighed in on RBGLY. Citigroup assumed coverage on Reckitt Benckiser Group in a research report on Wednesday. They set a “buy” rating on the stock. Royal Bank Of Canada lowered shares of Reckitt Benckiser Group from an “outperform” rating to a “sector perform” rating in a research report on Wednesday. Morgan Stanley downgraded Reckitt Benckiser Group from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 15th. Jefferies Financial Group reiterated a “hold” rating on shares of Reckitt Benckiser Group in a research report on Wednesday, January 7th. Finally, Barclays upgraded Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Reckitt Benckiser Group currently has a consensus rating of “Moderate Buy”.

Reckitt Benckiser Group Trading Down 0.5%

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 company has a 50 day moving average price of $15.97 and a 200 day moving average price of $15.33.

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.