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Reckitt ( (GB:RKT) ) just unveiled an announcement.
Reckitt Benckiser Group PLC announced the repurchase of 75,000 of its ordinary shares, which will be held in treasury. This transaction, executed through HSBC Bank plc, is part of the authority granted by shareholders and reflects the company’s ongoing efforts to manage its capital structure. The repurchase impacts the total number of voting rights, now standing at 679,430,575, which shareholders can use to determine their interest in the company.
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 strong financial health and technical indicators are the most significant factors driving the stock’s positive outlook. The active corporate strategy with share buybacks and strategic appointments further supports confidence in the stock. However, a high P/E ratio indicates the stock might be overvalued, balanced by a solid dividend yield, making it attractive for income-focused investors.
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 wide range of products including disinfectants, over-the-counter medications, and household cleaning supplies, catering to a global market.
Average Trading Volume: 1,596,462
Technical Sentiment Signal: Buy
Current Market Cap: £34.73B
Find detailed analytics on RKT stock on TipRanks’ Stock Analysis page.