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The latest update is out from Reckitt ( (GB:RKT) ).
Reckitt Benckiser Group PLC announced the purchase of 82,300 of its ordinary shares from RBC Europe Limited, as authorized by shareholders at the company’s Annual General Meeting. The purchased shares will be canceled, leaving the company with 57,278,192 shares in treasury and 678,081,165 shares in issue, impacting the total voting rights and shareholder notifications under the FCA’s 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 is driven by strong technical momentum and positive earnings call outcomes, highlighting growth in emerging markets and strategic initiatives. While the valuation appears high, the company’s financial health and shareholder-friendly actions provide a balanced investment case.
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 that cater to consumer health and hygiene needs globally.
Average Trading Volume: 1,465,086
Technical Sentiment Signal: Buy
Current Market Cap: £37.01B
Learn more about RKT stock on TipRanks’ Stock Analysis page.