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Reckitt ( (GB:RKT) ) has shared an announcement.
Reckitt Benckiser Group PLC has repurchased 59,860 of its ordinary shares from BNP Paribas SA, as authorized by shareholders earlier this year. This transaction, part of a broader strategy to manage its capital structure, results in the company holding a total of 58,942,357 shares in treasury, with 673,146,982 shares remaining in issue, impacting the total voting rights available to shareholders.
The most recent analyst rating on (GB:RKT) stock is a Buy with a £65.00 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 portfolio of popular brands and has a significant market presence globally.
Average Trading Volume: 1,738,485
Technical Sentiment Signal: Buy
Current Market Cap: £39.4B
Find detailed analytics on RKT stock on TipRanks’ Stock Analysis page.