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Reckitt ( (GB:RKT) ) has shared an announcement.
Reckitt Benckiser Group PLC has repurchased 75,000 of its ordinary shares from HSBC Bank plc, as per the authority granted by shareholders at the Annual General Meeting in May 2024. The shares, purchased at an average price of 5,096.48 pence, will be held in treasury, affecting the total number of voting rights and shares in issue, which stakeholders can use to assess their interests under the FCA’s rules.
The most recent analyst rating on (GB:RKT) stock is a Buy with a £51.00 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 solid financial performance and positive earnings call sentiment are major contributors to its strong overall stock score. The technical analysis suggests upward momentum, although caution is advised due to potential overbought conditions. The valuation reflects a balance between a high P/E ratio and an attractive dividend yield.
To see Spark’s full report on GB:RKT stock, click here.
More about Reckitt
Reckitt Benckiser Group PLC is a multinational consumer goods company operating in the health, hygiene, and home product sectors. It is known for its wide range of products including cleaning agents, health products, and household goods, with a significant market presence globally.
Average Trading Volume: 1,548,319
Technical Sentiment Signal: Buy
Current Market Cap: £34.65B
For an in-depth examination of RKT stock, go to TipRanks’ Overview page.