Reckitt Benckiser Group (OTCMKTS:RBGLY) Sees Unusually-High Trading Volume – Here’s Why

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) shares saw strong trading volume on Tuesday . 1,202,850 shares traded hands during trading, an increase of 258% from the previous session’s volume of 335,676 shares.The stock last traded at $16.1570 and had previously closed at $16.22.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Barclays raised shares of Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. Morgan Stanley downgraded shares of Reckitt Benckiser Group from an “overweight” rating to an “equal weight” rating in a report on Monday, December 15th. Royal Bank Of Canada reissued an “outperform” rating on shares of Reckitt Benckiser Group in a research note on Thursday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Reckitt Benckiser Group in a research note on Monday, October 27th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Reckitt Benckiser Group Stock Performance

The company’s 50-day moving average price is $15.68 and its 200 day moving average price is $15.03. The company has a current ratio of 0.56, a quick ratio of 0.37 and a debt-to-equity ratio of 1.01.

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.