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Reckitt ( (GB:RKT) ) has provided an update.
Reckitt Benckiser Group PLC announced the repurchase of 56,750 of its ordinary shares, which will be held in treasury. This transaction, conducted in accordance with shareholder authority, affects the company’s total voting rights, now standing at 672,856,398, and may impact shareholder notifications under the FCA’s rules.
The most recent analyst rating on (GB:RKT) stock is a Buy with a £6729.00 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 diverse portfolio of well-known brands and has a significant market presence globally.
Average Trading Volume: 1,759,414
Technical Sentiment Signal: Buy
Current Market Cap: £40.16B
For a thorough assessment of RKT stock, go to TipRanks’ Stock Analysis page.