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Reckitt ( (GB:RKT) ) has shared an update.
Reckitt Benckiser Group PLC has repurchased 58,800 of its ordinary shares from BNP Paribas SA, following shareholder approval at the Annual General Meeting. This transaction, executed under previously issued instructions, will see the shares held in treasury, affecting the total number of voting rights and shares in issue, which stakeholders can use to assess their interests in the company.
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 nutrition products. The company is known for its wide range of household and personal care brands, catering to a global market.
Average Trading Volume: 1,764,095
Technical Sentiment Signal: Buy
Current Market Cap: £39.75B
For detailed information about RKT stock, go to TipRanks’ Stock Analysis page.