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

Shares of Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) saw an uptick in trading volume on Friday . 1,770,280 shares were traded during trading, an increase of 151% from the previous session’s volume of 704,270 shares.The stock last traded at $12.60 and had previously closed at $12.5590.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RBGLY. Zacks Research lowered Reckitt Benckiser Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 7th. Morgan Stanley raised Reckitt Benckiser Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 16th. Finally, Kepler Capital Markets raised Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Reckitt Benckiser Group presently has a consensus rating of “Moderate Buy”.

Reckitt Benckiser Group Trading Up 0.2%

The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 0.85. The business’s 50-day simple moving average is $13.00 and its 200 day simple moving average is $14.96.

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.