Reckitt Benckiser Group (OTCMKTS:RBGLY) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Reckitt Benckiser Group saw a significant trading volume increase of 301%, with approximately 1.4 million shares exchanged, and shares currently trading around $15.71.
• Analysts have upgraded their ratings, with four analysts rating it as a Strong Buy and a consensus rating of "Buy" for the stock.
• The company declared a $0.2106 dividend with a yield of 341.0%, scheduled to be paid on September 25th, highlighting ongoing shareholder returns despite market fluctuations.

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY - Get Free Report) saw strong trading volume on Tuesday . 1,416,560 shares were traded during mid-day trading, an increase of 301% from the previous session's volume of 353,665 shares.The stock last traded at $15.71 and had previously closed at $15.76.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Royal Bank Of Canada reiterated an "outperform" rating on shares of Reckitt Benckiser Group in a report on Friday, July 25th. Sanford C. Bernstein upgraded Reckitt Benckiser Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 5th. Four equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Reckitt Benckiser Group currently has a consensus rating of "Buy".

Reckitt Benckiser Group Stock Down 0.3%

The company has a current ratio of 0.56, a quick ratio of 0.37 and a debt-to-equity ratio of 1.01. The stock has a fifty day simple moving average of $14.75 and a 200-day simple moving average of $13.84.

Reckitt Benckiser Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, September 25th. Shareholders of record on Monday, August 11th will be issued a dividend of $0.2106 per share. This represents a yield of 341.0%. The ex-dividend date of this dividend is Friday, August 8th.

Reckitt Benckiser Group Company Profile

Reckitt Benckiser Group plc manufactures and sells health, hygiene, and nutrition products worldwide. It offers acne treatment creams, facial washes, and cleansing pads; germ protection products; condoms; heartburn and indigestion solutions; joints health products; chest congestion, cough, and sinus remedies; brain health products; migraine-headaches and rheumatic pain products; sore throat medications; and hair removal products under the Airborne, Clearasil, Dettol, Durex, Gaviscon, Move Free, Neuriva, Nurofen, Mucinex, Strepsils, and Veet brands.