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Reckitt ( (GB:RKT) ) just unveiled an announcement.
Reckitt Benckiser Group PLC announced the purchase of 81,000 of its ordinary shares from RBC Europe Limited, as authorized by shareholders during the company’s Annual General Meeting. The shares were acquired at a volume-weighted average price of 5,529.29 pence per share and will be canceled, affecting the total number of shares in issue and voting rights. This transaction is part of Reckitt’s strategy to manage its share capital and potentially enhance shareholder value.
The most recent analyst rating on (GB:RKT) stock is a Buy with a £6000.00 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, primarily focusing on health, hygiene, and nutrition products. The company is known for its diverse range of well-established brands and has a significant market presence globally.
Average Trading Volume: 1,378,961
Technical Sentiment Signal: Buy
Current Market Cap: £37.37B
Find detailed analytics on RKT stock on TipRanks’ Stock Analysis page.