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The latest update is out from Reckitt ( (GB:RKT) ).
Reckitt Benckiser Group PLC announced the purchase of 81,000 of its ordinary shares from RBC Europe Limited, as authorized by shareholders during the company’s Annual General Meeting. The shares, bought at a volume-weighted average price of 5,514.63 pence, will be canceled, adjusting the total number of voting rights to 677,240,655. This move is part of Reckitt’s ongoing strategy to manage its capital structure and enhance shareholder value.
The most recent analyst rating on (GB:RKT) stock is a Hold with a £5200.00 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 home products. The company is known for its market-leading brands such as Dettol, Lysol, and Durex, serving a global market with a strong emphasis on innovation and sustainability.
Average Trading Volume: 1,361,449
Technical Sentiment Signal: Buy
Current Market Cap: £37.46B
For detailed information about RKT stock, go to TipRanks’ Stock Analysis page.