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Reckitt ( (GB:RKT) ) has provided an update.
Reckitt Benckiser Group PLC announced the purchase of 82,400 of its ordinary shares from RBC Europe Limited, as authorized by shareholders. The company plans to cancel these shares, which will adjust its total number of voting rights to 678,488,181, impacting shareholder notifications under FCA rules.
The most recent analyst rating on (GB:RKT) stock is a Buy with a £5500.00 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 positive corporate actions. However, high valuation and technical overbought conditions pose risks. The company’s strategic initiatives and strong earnings call support a favorable outlook.
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 diverse range of products, including well-known brands in the health and hygiene sectors.
Average Trading Volume: 1,495,144
Technical Sentiment Signal: Buy
Current Market Cap: £36.87B
For a thorough assessment of RKT stock, go to TipRanks’ Stock Analysis page.