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Reckitt ( (GB:RKT) ) has shared an announcement.
Reckitt Benckiser Group PLC announced the purchase of 66,221 of its ordinary shares, with plans to cancel them, thereby adjusting its share capital structure. This move will result in 675,749,862 ordinary shares in issue, impacting the total voting rights and potentially influencing shareholder decisions under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:RKT) stock is a Hold with a £56.00 price target. To see the full list of analyst forecasts on Reckitt stock, see the GB:RKT Stock Forecast page.
Spark’s Take on GB:RKT Stock
According to Spark, TipRanks’ AI Analyst, GB:RKT is a Outperform.
Reckitt’s overall score is driven by strong earnings call performance and solid financial health, despite some challenges in revenue growth and valuation concerns. The technical analysis supports a positive outlook, although caution is advised due to potential overbought conditions.
To see Spark’s full report on GB:RKT stock, click here.
More about Reckitt
Reckitt Benckiser Group PLC operates in the consumer goods industry, focusing on health, hygiene, and home products. The company is known for its wide range of products including disinfectants, over-the-counter medications, and household cleaning supplies, with a strong market presence globally.
Average Trading Volume: 1,399,749
Technical Sentiment Signal: Buy
Current Market Cap: £37.22B
For a thorough assessment of RKT stock, go to TipRanks’ Stock Analysis page.