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Reckitt ( (GB:RKT) ) just unveiled an announcement.
Reckitt Benckiser Group PLC announced the repurchase of 78,000 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 impacts the total number of voting rights, now standing at 680,617,054. This move is likely to influence shareholder interests and the company’s market positioning.
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 earnings performance and strategic initiatives are the primary drivers of its score, supported by solid dividend yield and efficient cash flow management. However, valuation concerns and revenue growth challenges slightly temper the 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. The company is known for its portfolio of well-known brands and aims to maintain a strong market presence globally.
Average Trading Volume: 1,587,950
Technical Sentiment Signal: Buy
Current Market Cap: £36.31B
See more insights into RKT stock on TipRanks’ Stock Analysis page.