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An announcement from Reckitt ( (GB:RKT) ) is now available.
Reckitt Benckiser Group PLC has repurchased 76,081 of its ordinary shares from HSBC Bank plc, following shareholder approval at the 2024 Annual General Meeting. The shares will be held in treasury, affecting the total number of voting rights, which now stands at 679,061,227. This transaction is part of the company’s strategic financial management, potentially impacting shareholder interests and market perception.
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 overall stock score is bolstered by strong financial performance and positive earnings call sentiment, reflecting robust earnings growth and strategic advancements. Although technical indicators point to potential short-term bearishness, the company’s valuation and dividend yield offer stability and appeal to long-term 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 well-known brands in pharmaceuticals, cleaning supplies, and personal care items.
Average Trading Volume: 1,618,315
Technical Sentiment Signal: Buy
Current Market Cap: £33.57B
See more insights into RKT stock on TipRanks’ Stock Analysis page.