Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
The latest announcement is out from Reckitt ( (GB:RKT) ).
Reckitt Benckiser Group PLC has repurchased 58,420 of its ordinary shares from BNP Paribas SA, with the shares to be held in treasury. Additionally, the company has canceled 30 million shares held in treasury, reducing the total number of voting rights to 672,514,022. This move is part of the company’s ongoing efforts to manage its share capital and could impact shareholder interests and market perceptions.
The most recent analyst rating on (GB:RKT) stock is a Hold with a £6100.00 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 stock score reflects strong financial performance and strategic initiatives that support growth, particularly in emerging markets. While the valuation is a concern, the company’s focus on profitability and shareholder returns through buybacks and dividends enhances its investment appeal.
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 cleaning agents, personal care items, and over-the-counter pharmaceuticals, catering to a global market.
Average Trading Volume: 1,754,480
Technical Sentiment Signal: Buy
Current Market Cap: £40.36B
See more data about RKT stock on TipRanks’ Stock Analysis page.