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.
An announcement from Reckitt ( (GB:RKT) ) is now available.
Reckitt Benckiser Group PLC announced the purchase of 80,000 of its own ordinary shares from RBC Europe Limited, following shareholder approval at its Annual General Meeting. The shares, bought at an average price of 5,553.10 pence, will be canceled, resulting in 677,837,430 ordinary shares in issue. This move impacts the company’s voting rights and may influence shareholder interest notifications under the FCA’s rules.
The most recent analyst rating on (GB:RKT) stock is a Buy with a £6120.00 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 strong earnings call performance and solid financial health, despite some challenges in revenue growth and valuation concerns. The technical analysis supports a positive outlook, although caution is advised due to potential overbought conditions.
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 well-known brands and products that cater to various consumer needs across global markets.
Average Trading Volume: 1,448,606
Technical Sentiment Signal: Buy
Current Market Cap: £37.1B
For an in-depth examination of RKT stock, go to TipRanks’ Overview page.