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

by · The Markets Daily

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY – Get Free Report) shares saw an uptick in trading volume on Tuesday . 1,202,850 shares were traded during mid-day 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.

Analyst Ratings Changes

Several equities analysts have recently commented on RBGLY shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Reckitt Benckiser Group in a research report on Monday, October 27th. Morgan Stanley cut Reckitt Benckiser Group from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 15th. Royal Bank Of Canada restated an “outperform” rating on shares of Reckitt Benckiser Group in a research note on Thursday, October 23rd. Finally, Barclays raised shares of Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Get Our Latest Stock Analysis on RBGLY

Reckitt Benckiser Group Price Performance

The company has a 50-day moving average price of $15.68 and a two-hundred day moving average price of $15.03. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.56 and a quick ratio of 0.37.

Reckitt Benckiser Group Company Profile

(Get Free Report)

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.

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