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

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) saw unusually-high trading volume on Friday . Approximately 1,619,087 shares were traded during trading, an increase of 148% from the previous session’s volume of 653,662 shares.The stock last traded at $12.31 and had previously closed at $12.16.

Wall Street Analyst Weigh In

RBGLY has been the topic of a number of recent research reports. Morgan Stanley raised shares of Reckitt Benckiser Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 16th. Zacks Research downgraded shares of Reckitt Benckiser Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 7th. Finally, Kepler Capital Markets raised shares of Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Two 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Reckitt Benckiser Group Trading Up 1.2%

The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.98. The company’s 50 day moving average price is $13.11 and its two-hundred day moving average price is $15.07.

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.