Reckitt Benckiser Group (OTCMKTS:RBGLY) Sees Large Volume Increase – Time to Buy?
by Kim Johansen · The Markets DailyReckitt Benckiser Group PLC (OTCMKTS:RBGLY – Get Free Report) saw strong trading volume on Friday . 506,798 shares were traded during mid-day trading, an increase of 75% from the previous session’s volume of 289,987 shares.The stock last traded at $16.3804 and had previously closed at $16.39.
Analyst Ratings Changes
RBGLY has been the subject of several recent analyst reports. Morgan Stanley cut shares of Reckitt Benckiser Group from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 15th. Citigroup began coverage on Reckitt Benckiser Group in a research note on Wednesday. They set a “buy” rating for the company. Royal Bank Of Canada cut shares of Reckitt Benckiser Group from an “outperform” rating to a “sector perform” rating in a report on Wednesday. Barclays upgraded shares of Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Reckitt Benckiser Group in a research report on Wednesday, January 7th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.
Read Our Latest Stock Analysis on Reckitt Benckiser Group
Reckitt Benckiser Group Stock Down 0.5%
The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.37 and a current ratio of 0.56. The business has a 50-day simple moving average of $15.97 and a two-hundred day simple moving average of $15.33.
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.