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An announcement from Reckitt ( (GB:RKT) ) is now available.
Reckitt Benckiser Group PLC has repurchased 80,000 of its ordinary shares from RBC Europe Limited, with the intention to cancel them, following shareholder approval at the Annual General Meeting. This transaction will adjust the company’s treasury holdings and voting rights, impacting shareholder notifications under the FCA’s rules.
The most recent analyst rating on (GB:RKT) stock is a Buy with a £6120.00 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 is a global consumer goods company operating in the health, hygiene, and home product sectors. The company is known for its diverse range of products, including well-known brands in each of these categories, and focuses on maintaining a strong market presence worldwide.
Average Trading Volume: 1,381,589
Technical Sentiment Signal: Buy
Current Market Cap: £37.93B
For an in-depth examination of RKT stock, go to TipRanks’ Overview page.