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The latest announcement is out from Reckitt ( (GB:RKT) ).
Reckitt Benckiser Group PLC announced the purchase of 82,800 of its ordinary shares from RBC Europe Limited, as part of a buyback program authorized by shareholders. The company plans to cancel these shares, adjusting its total voting rights to 678,405,381, which may impact 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 operates in the consumer goods industry, focusing on health, hygiene, and nutrition products. The company is known for its wide range of household and personal care products, catering to a global market.
Average Trading Volume: 1,495,144
Technical Sentiment Signal: Buy
Current Market Cap: £36.87B
See more data about RKT stock on TipRanks’ Stock Analysis page.