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An update from Reckitt ( (GB:RKT) ) is now available.
Reckitt Benckiser Group PLC announced the repurchase of 59,440 of its ordinary shares from BNP Paribas SA, as part of a buyback program authorized by shareholders. The repurchased shares will be held in treasury, impacting the total voting rights and share distribution, which stakeholders can use to assess their interests in the company.
The most recent analyst rating on (GB:RKT) stock is a Hold 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 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 products, including well-known brands in personal care, cleaning, and health sectors, catering to a global market.
Average Trading Volume: 1,631,902
Technical Sentiment Signal: Buy
Current Market Cap: £39.57B
See more data about RKT stock on TipRanks’ Stock Analysis page.