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Reckitt ( (GB:RKT) ) just unveiled an update.
Reckitt Benckiser Group PLC has repurchased 80,500 of its ordinary shares from RBC Europe Limited, as part of a previously announced buyback program. The company plans to cancel these shares, which will adjust the total number of voting rights to 677,161,997, potentially impacting shareholder interests under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:RKT) stock is a Buy with a £7700.00 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 primarily 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, and it maintains a strong market presence globally.
Average Trading Volume: 1,341,499
Technical Sentiment Signal: Buy
Current Market Cap: £37.4B
See more insights into RKT stock on TipRanks’ Stock Analysis page.