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An announcement from Reckitt ( (GB:RKT) ) is now available.
Reckitt Benckiser Group PLC announced the repurchase of 60,000 of its ordinary shares from BNP Paribas SA, as per the authority granted at its Annual General Meeting. The shares, bought at prices ranging from 5,800 to 5,880 pence, will be held in treasury. This transaction adjusts the company’s total voting rights to 673,631,501, impacting shareholder notifications under the FCA’s rules.
The most recent analyst rating on (GB:RKT) stock is a Hold with a £5500.00 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 products, catering to a global market.
Average Trading Volume: 1,631,667
Technical Sentiment Signal: Buy
Current Market Cap: £39.7B
For detailed information about RKT stock, go to TipRanks’ Stock Analysis page.