Reckitt Benckiser Group (OTCMKTS:RBGLY) Sees Unusually-High Trading Volume – Still a Buy?

Reckitt Benckiser Group PLC (OTCMKTS:RBGLYGet Free Report) shares saw strong trading volume on Friday . 1,770,280 shares changed hands during mid-day trading, an increase of 151% from the previous session’s volume of 704,270 shares.The stock last traded at $12.60 and had previously closed at $12.5590.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Zacks Research cut Reckitt Benckiser Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 7th. Morgan Stanley raised Reckitt Benckiser Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 16th. Finally, Kepler Capital Markets raised Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Check Out Our Latest Research Report on Reckitt Benckiser Group

Reckitt Benckiser Group Price Performance

The company has a debt-to-equity ratio of 0.98, a current ratio of 0.85 and a quick ratio of 0.63. The company’s 50-day simple moving average is $12.97 and its 200 day simple moving average is $14.95.

Reckitt Benckiser Group Company Profile

(Get Free Report)

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.

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