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Reckitt ( (GB:RKT) ) has provided an announcement.
Reckitt Benckiser Group PLC announced the purchase of 75,607 of its ordinary shares from RBC Europe Limited, following shareholder approval at the Annual General Meeting. The company plans to cancel these shares, which will adjust the total number of voting rights to 677,321,655. This move is part of Reckitt’s ongoing strategy to manage its share capital and could impact shareholder voting rights and interest notifications.
The most recent analyst rating on (GB:RKT) stock is a Buy with a £6120.00 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 is a multinational consumer goods company operating in the health, hygiene, and home product sectors. The company is known for its wide range of products including cleaning agents, health and wellness products, and over-the-counter pharmaceuticals.
Average Trading Volume: 1,361,449
Technical Sentiment Signal: Buy
Current Market Cap: £37.46B
For an in-depth examination of RKT stock, go to TipRanks’ Overview page.