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

Shares of Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) saw unusually-high trading volume on Thursday . Approximately 1,375,008 shares changed hands during mid-day trading, an increase of 127% from the previous session’s volume of 605,836 shares.The stock last traded at $12.8260 and had previously closed at $12.66.

Analysts Set New Price Targets

A number of brokerages have issued reports on RBGLY. Royal Bank Of Canada cut Reckitt Benckiser Group from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 14th. Citigroup initiated coverage on shares of Reckitt Benckiser Group in a research report on Wednesday, January 14th. They issued a “buy” rating on the stock. Kepler Capital Markets upgraded shares of Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. 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, Morgan Stanley upgraded shares of Reckitt Benckiser Group from an “equal weight” rating to an “overweight” rating in a report on Monday, March 16th. Three 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Reckitt Benckiser Group Stock Up 0.5%

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 firm has a fifty day simple moving average of $14.43 and a 200-day simple moving average of $15.55.

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.