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An update from Reckitt ( (GB:RKT) ) is now available.
Reckitt Benckiser Group PLC announced the repurchase of 58,810 ordinary shares from BNP Paribas SA, as authorized by shareholders at the recent Annual General Meeting. This transaction, executed under the company’s share buyback program, aims to hold the repurchased shares in treasury, impacting the total number of voting rights and potentially influencing shareholder interests.
The most recent analyst rating on (GB:RKT) stock is a Buy with a £70.00 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 diverse portfolio of well-known brands, catering to a global market with a strong emphasis on innovation and sustainability.
Average Trading Volume: 1,754,452
Technical Sentiment Signal: Buy
Current Market Cap: £40.25B
Learn more about RKT stock on TipRanks’ Stock Analysis page.