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

Shares of Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) saw an uptick in trading volume on Tuesday. 2,062,834 shares traded hands during mid-day trading, an increase of 238% from the average daily volume of 610,661 shares. The stock last traded at $15.22 and had previously closed at $15.15.

Analysts Set New Price Targets

A number of research firms have recently commented on RBGLY. Zacks Research upgraded shares of Reckitt Benckiser Group from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. BNP Paribas Exane lowered shares of Reckitt Benckiser Group from an “outperform” rating to a “neutral” rating in a report on Wednesday, September 2nd. Jefferies Financial Group upgraded shares of Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a report on Tuesday, July 21st. UBS Group reaffirmed a “buy” rating on shares of Reckitt Benckiser Group in a research report on Wednesday, October 28th. Finally, The Goldman Sachs Group upgraded Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Reckitt Benckiser Group Trading Down 0.7%

The business’s fifty day moving average price is $14.06 and its 200-day moving average price is $14.10. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.40 and a current ratio of 0.59.

Reckitt Benckiser Group Company Profile

Reckitt Benckiser Group plc, which operates under the Reckitt name, is a global consumer goods company focused on health, hygiene and nutrition. Its products include household cleaning and disinfecting goods, personal care items, over-the-counter medicines and infant formula. The company’s portfolio includes brands such as Dettol, Lysol, Finish, Durex, Strepsils, Nurofen and Enfamil. Its products are sold in markets around the world through retailers, pharmacies and other distribution channels. Reckitt was formed in 1999 through the merger of British company Reckitt & Colman and Dutch company Benckiser.