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

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) saw unusually-high trading volume on Friday . Approximately 1,249,671 shares traded hands during mid-day trading, an increase of 151% from the previous session’s volume of 497,408 shares.The stock last traded at $13.97 and had previously closed at $14.25.

Wall Street Analyst Weigh In

RBGLY has been the subject of a number of research reports. Morgan Stanley raised shares of Reckitt Benckiser Group from an “equal weight” rating to an “overweight” rating in a report on Monday, March 16th. Zacks Research cut shares of Reckitt Benckiser Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 7th. Royal Bank Of Canada cut shares of Reckitt Benckiser Group from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 14th. Citigroup initiated coverage on shares of Reckitt Benckiser Group in a report on Wednesday, January 14th. They issued a “buy” rating for the company. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Reckitt Benckiser Group in a report on Wednesday, January 7th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Reckitt Benckiser Group presently has a consensus rating of “Moderate Buy”.

Reckitt Benckiser Group Trading Down 2.5%

The firm’s fifty day moving average is $15.56 and its 200-day moving average is $15.74.

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.