Reckitt Benckiser Group (OTCMKTS:RBGLY) Sees Strong Trading Volume - Time to 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) shares saw unusually-high trading volume on Tuesday . Approximately 1,416,560 shares changed hands 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.

Analysts Set New Price Targets

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

Reckitt Benckiser Group Trading Down 0.2%

The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 1.01. The business's 50 day simple moving average is $14.60 and its 200 day simple moving average is $13.77.

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 $0.2106 dividend. This represents a dividend yield of 341.0%. The ex-dividend date of this dividend is Friday, August 8th.

About Reckitt Benckiser Group

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.

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