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.
Reckitt ( (GB:RKT) ) has issued an update.
Reckitt Benckiser Group PLC announced the purchase and cancellation of 70,000 of its ordinary shares, as part of a share buyback program authorized by shareholders. This transaction, executed through RBC Europe Limited, affects the company’s share capital structure, leaving 679,027,383 ordinary shares in issue and potentially impacting shareholder voting rights.
The most recent analyst rating on (GB:RKT) stock is a Buy with a £6000.00 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 solid financial performance and positive strategic initiatives from the earnings call. Technical indicators suggest caution due to overbought conditions, while valuation metrics indicate potential overvaluation.
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 sectors.
Average Trading Volume: 1,484,475
Technical Sentiment Signal: Buy
Current Market Cap: £38.39B
For an in-depth examination of RKT stock, go to TipRanks’ Overview page.