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

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) shares saw an uptick in trading volume on Thursday . Approximately 1,445,075 shares were traded during 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

RBGLY has been the subject of a number of recent research reports. Zacks Research lowered Reckitt Benckiser Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Kepler Capital Markets raised Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Reckitt Benckiser Group in a research note on Tuesday, June 30th. Finally, Jefferies Financial Group raised shares of Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Reckitt Benckiser Group presently has a consensus rating of “Moderate Buy”.

Reckitt Benckiser Group Stock Down 0.4%

The company has a 50 day simple moving average of $13.37 and a 200 day simple moving average of $14.15. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98.

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.