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Reckitt ( (GB:RKT) ) has provided an announcement.
Reckitt Benckiser Group PLC announced the purchase of 70,515 of its ordinary shares from RBC Europe Limited, as part of a buyback program authorized by shareholders. The company plans to cancel these shares, impacting the total number of voting rights and shares in issue, which will now stand at 677,091,482. This move is part of Reckitt’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 £7700.00 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 is a global consumer goods company operating in the health, hygiene, and home product sectors. The company is known for its diverse range of products, including well-known brands in health and hygiene, and focuses on maintaining a strong market presence across various regions.
Average Trading Volume: 1,337,427
Technical Sentiment Signal: Buy
Current Market Cap: £37.21B
For an in-depth examination of RKT stock, go to TipRanks’ Overview page.