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The latest update is out from Reckitt ( (GB:RKT) ).
Reckitt Benckiser Group PLC announced the repurchase of 49,820 of its ordinary shares from BNP Paribas SA, as part of a previously authorized share buyback program. This transaction, which will see the shares held in treasury, affects the total number of voting rights and shares in issue, impacting shareholder calculations under regulatory guidelines.
The most recent analyst rating on (GB:RKT) stock is a Hold with a £61.00 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 strategic initiatives that support growth, particularly in emerging markets. While the valuation is a concern, the company’s focus on profitability and shareholder returns through buybacks and dividends enhances its investment appeal.
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 household and personal care brands, serving a global market with a strong emphasis on innovation and consumer health solutions.
Average Trading Volume: 1,794,260
Technical Sentiment Signal: Buy
Current Market Cap: £40.36B
For an in-depth examination of RKT stock, go to TipRanks’ Overview page.