Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Reckitt ( (GB:RKT) ) has provided an announcement.
Reckitt Benckiser Group PLC announced the repurchase of 74,000 ordinary shares, which will be held in treasury, as part of a buyback program authorized by shareholders. This transaction impacts the company’s total voting rights and share structure, potentially influencing shareholder interests and market positioning.
The most recent analyst rating on (GB:RKT) stock is a Buy with a £51.00 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 is driven by solid financial performance and positive earnings call sentiment, underscored by strategic corporate events. While technical indicators show positive momentum, the stock’s valuation and revenue growth concerns slightly temper the outlook.
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 range of products, including well-known brands in the health and hygiene sectors.
Average Trading Volume: 1,576,688
Technical Sentiment Signal: Strong Buy
Current Market Cap: £34.93B
For detailed information about RKT stock, go to TipRanks’ Stock Analysis page.