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Reckitt ( (GB:RKT) ) just unveiled an update.
Reckitt Benckiser Group PLC has repurchased 59,970 of its ordinary shares from BNP Paribas SA, as authorized by shareholders at the company’s Annual General Meeting. These shares will be held in treasury, bringing the total number of treasury shares to 58,041,521. This transaction affects the total number of voting rights in the company, which will now be 674,047,818, a figure shareholders can use to assess their interest in the company under FCA regulations.
The most recent analyst rating on (GB:RKT) stock is a Hold 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 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, primarily focusing on health, hygiene, and nutrition products. The company is known for its wide range of household and personal care products and holds a significant position in the global market.
Average Trading Volume: 1,557,081
Technical Sentiment Signal: Buy
Current Market Cap: £39.5B
See more data about RKT stock on TipRanks’ Stock Analysis page.