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The latest update is out from Reckitt ( (GB:RKT) ).
Reckitt Benckiser Group PLC has repurchased 70,000 of its ordinary shares from RBC Europe Limited, following shareholder approval at its Annual General Meeting. The company plans to cancel these shares, which will adjust the total number of voting rights to 676,480,177, impacting shareholder interests and regulatory disclosures.
The most recent analyst rating on (GB:RKT) stock is a Buy with a £60.00 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 nutrition products. The company is known for its diverse range of products that cater to various consumer needs, maintaining a strong market presence globally.
Average Trading Volume: 1,298,016
Technical Sentiment Signal: Buy
Current Market Cap: £38.72B
See more data about RKT stock on TipRanks’ Stock Analysis page.