Reckitt Benckiser Group (OTCMKTS:RBGLY) Sees Large Volume Increase - Time to Buy?

Key Points

• Shares saw a 151% surge in volume to 1,249,671 while the stock fell to $13.97 (down about 2.6% from the prior close of $14.25).
• Analysts are mixed but leaning positive: Morgan Stanley upgraded to overweight and Citigroup started with a buy, though Zacks cut to a strong sell; the consensus is a Moderate Buy (2 Strong Buy, 2 Buy, 3 Hold, 1 Sell).
• Technically, the stock trades below both its 50‑day ($15.61) and 200‑day ($15.74) moving averages, indicating weakness versus longer-term trends.

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY - Get Free Report) shares saw an uptick in trading volume on Friday . 1,249,671 shares changed hands during 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.

Analysts Set New Price Targets

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

Reckitt Benckiser Group Stock Down 2.6%

The firm's fifty day moving average price is $15.61 and its 200-day moving average price 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.

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