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Reckitt ( (GB:RKT) ) just unveiled an announcement.
Reckitt Benckiser Group PLC announced the repurchase of 58,800 ordinary shares from BNP Paribas SA, as authorized by shareholders, to be held in treasury. This transaction affects the company’s share structure, resulting in 672,680,502 ordinary shares in issue, excluding treasury shares, and impacts voting rights calculations for shareholders.
The most recent analyst rating on (GB:RKT) stock is a Buy with a £6400.00 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 well-known brands in cleaning, health, and personal care.
Average Trading Volume: 1,755,226
Technical Sentiment Signal: Buy
Current Market Cap: £39.82B
For detailed information about RKT stock, go to TipRanks’ Stock Analysis page.