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Reckitt ( (GB:RKT) ) has shared an update.
Reckitt Benckiser Group PLC announced the purchase of 81,000 of its ordinary shares from RBC Europe Limited, as authorized by shareholders at the Annual General Meeting. The company plans to cancel these shares, adjusting its total voting rights to 677,478,962, which may impact shareholder notifications under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:RKT) stock is a Buy with a £6120.00 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, primarily focusing on health, hygiene, and home products. The company is known for its wide range of household and personal care products, catering to a global market.
Average Trading Volume: 1,404,929
Technical Sentiment Signal: Buy
Current Market Cap: £37.55B
Find detailed analytics on RKT stock on TipRanks’ Stock Analysis page.