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Reckitt Benckiser Executes Share Buyback and Cancellation

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Reckitt Benckiser Executes Share Buyback and Cancellation

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Reckitt ( (GB:RKT) ) just unveiled an announcement.

Reckitt Benckiser Group PLC has repurchased 76,922 of its ordinary shares from RBC Europe Limited, following shareholder approval at its Annual General Meeting. The company plans to cancel these shares, which will adjust the total number of voting rights to 678,652,381, impacting shareholder notifications under FCA rules.

The most recent analyst rating on (GB:RKT) stock is a Buy 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 stock score reflects strong financial performance and positive corporate actions. However, high valuation and technical overbought conditions pose risks. The company’s strategic initiatives and strong earnings call support a favorable outlook.

To see Spark’s full report on GB:RKT stock, click here.

More about Reckitt

Reckitt Benckiser Group PLC is a multinational consumer goods company operating in the health, hygiene, and home product sectors. It focuses on delivering high-quality products that cater to the needs of consumers globally.

Average Trading Volume: 1,463,422

Technical Sentiment Signal: Buy

Current Market Cap: £37.62B

Learn more about RKT stock on TipRanks’ Stock Analysis page.

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