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

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) saw unusually-high trading volume on Thursday . 1,445,075 shares changed hands during mid-day trading, an increase of 109% from the previous session’s volume of 690,592 shares.The stock last traded at $13.9920 and had previously closed at $14.06.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Kepler Capital Markets upgraded Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Reckitt Benckiser Group in a research report on Tuesday, June 30th. Zacks Research cut shares of Reckitt Benckiser Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Finally, Jefferies Financial Group upgraded shares of Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a research note on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Reckitt Benckiser Group Stock Down 0.5%

The firm has a fifty day moving average of $13.44 and a 200-day moving average of $14.13. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98.

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.