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The latest update is out from Reckitt ( (GB:RKT) ).
Reckitt Benckiser Group PLC has repurchased 80,700 of its ordinary shares from RBC Europe Limited, following shareholder approval at its Annual General Meeting. The repurchased shares will be cancelled, impacting the total number of voting rights and shares in issue, which will now stand at 678,806,767. This transaction is part of the company’s ongoing strategy to manage its share capital and enhance shareholder value.
The most recent analyst rating on (GB:RKT) stock is a Buy with a £5500.00 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 reflects strong financial performance and positive corporate actions. However, high valuation and technical overbought conditions pose risks. The company’s strategic initiatives and strong earnings call support a favorable 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 diverse range of products that cater to various market needs, including well-known brands in household cleaning, personal care, and over-the-counter pharmaceuticals.
Average Trading Volume: 1,495,534
Technical Sentiment Signal: Buy
Current Market Cap: £37.83B
See more insights into RKT stock on TipRanks’ Stock Analysis page.