TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest announcement is out from Reckitt ( (GB:RKT) ).
Reckitt Benckiser Group PLC announced the repurchase of 58,600 of its ordinary shares from BNP Paribas SA, as part of a buyback program authorized by shareholders. The shares will be held in treasury, affecting the total number of voting rights and potentially impacting shareholder interests as outlined by the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:RKT) stock is a Buy with a £70.00 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 nutrition products. The company is known for its diverse range of products, including well-known brands in household cleaning, personal care, and over-the-counter pharmaceuticals.
Average Trading Volume: 1,742,051
Technical Sentiment Signal: Buy
Current Market Cap: £40.36B
For detailed information about RKT stock, go to TipRanks’ Stock Analysis page.