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Reckitt ( (GB:RKT) ) has shared an update.
Reckitt Benckiser Group PLC announced the repurchase of 67,093 of its ordinary shares from RBC Europe Limited, with the highest price paid per share being 5,674 pence. The company plans to cancel these shares, resulting in a total of 675,403,029 ordinary shares in issue, excluding treasury shares, which will affect the total number of voting rights and potentially influence shareholder interests.
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 nutrition products. The company is known for its wide range of household and personal care products, catering to a global market.
Average Trading Volume: 1,487,357
Technical Sentiment Signal: Buy
Current Market Cap: £38.11B
Learn more about RKT stock on TipRanks’ Stock Analysis page.