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Reckitt ( (GB:RKT) ) just unveiled an update.
Reckitt Benckiser Group PLC announced the purchase of 59,500 of its ordinary shares from BNP Paribas SA, as part of a share buyback program authorized by shareholders. This transaction, which will see the shares held in treasury, impacts the total number of voting rights in the company, providing shareholders with updated figures for regulatory purposes.
The most recent analyst rating on (GB:RKT) stock is a Hold 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 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 sectors. The company is known for its diverse range of products, including well-known brands in personal health, hygiene, and household cleaning products.
Average Trading Volume: 1,681,554
Technical Sentiment Signal: Buy
Current Market Cap: £39.79B
For a thorough assessment of RKT stock, go to TipRanks’ Stock Analysis page.