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Reckitt ( (GB:RKT) ) just unveiled an update.
Reckitt Benckiser Group PLC announced the purchase of 82,400 of its ordinary shares from RBC Europe Limited, with plans to cancel these shares. This transaction, executed under the authority granted by shareholders, will adjust the total number of voting rights to 677,998,765, impacting shareholder interest notifications under the FCA’s 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 is driven by strong technical momentum and positive earnings call outcomes, highlighting growth in emerging markets and strategic initiatives. While the valuation appears high, the company’s financial health and shareholder-friendly actions provide a balanced investment case.
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 that cater to consumer needs globally.
Average Trading Volume: 1,449,320
Technical Sentiment Signal: Buy
Current Market Cap: £37.01B
Learn more about RKT stock on TipRanks’ Stock Analysis page.