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The latest update is out from Reckitt ( (GB:RKT) ).
Reckitt Benckiser Group PLC announced the purchase of 81,700 of its ordinary shares from RBC Europe Limited, with plans to cancel these shares. This transaction, authorized by shareholders at the company’s Annual General Meeting, will adjust the total number of voting rights to 677,397,262, impacting shareholder interests and compliance with the FCA’s Disclosure Guidance and Transparency 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 operates in the consumer goods industry, focusing on health, hygiene, and home products. The company is known for its extensive range of well-known brands in these sectors, catering to a global market.
Average Trading Volume: 1,376,158
Technical Sentiment Signal: Buy
Current Market Cap: £37.46B
For detailed information about RKT stock, go to TipRanks’ Stock Analysis page.