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An update from Reckitt ( (GB:RKT) ) is now available.
Reckitt Benckiser Group PLC announced the repurchase of 75,000 ordinary shares, which will be held in treasury. This transaction, executed with HSBC Bank plc, is part of the authority granted by shareholders and impacts the total number of voting rights, now standing at 679,639,352. This move reflects the company’s ongoing strategy to manage its capital structure and potentially enhance shareholder value.
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 robust financial and technical performance, along with strategic initiatives and shareholder-friendly actions, contribute to a strong overall stock score. The company’s ability to navigate challenges while focusing on growth and innovation supports a positive 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. It is known for its wide range of products, including well-known brands in the cleaning and healthcare sectors.
Average Trading Volume: 1,587,788
Technical Sentiment Signal: Buy
Current Market Cap: £34.78B
Learn more about RKT stock on TipRanks’ Stock Analysis page.