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An announcement from Reckitt ( (GB:RKT) ) is now available.
Reckitt Benckiser Group has announced an agreement to divest its Essential Home business to Advent International for up to $4.8 billion, retaining a 30% equity stake. This move is part of Reckitt’s strategy to focus on high-growth, high-margin Powerbrands, and is expected to unlock significant value for the company. The transaction, which includes a special dividend and share consolidation, is anticipated to complete by the end of 2025, subject to regulatory approvals.
The most recent analyst rating on (GB:RKT) stock is a Buy with a £6000.00 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 cash flow and positive earnings call sentiment are significant strengths, complemented by strategic corporate events. While valuation and technical indicators suggest some caution, the company’s robust financial management and shareholder returns offer a balanced outlook.
To see Spark’s full report on GB:RKT stock, click here.
More about Reckitt
Reckitt is a prominent company in the consumer health and hygiene industry, known for its well-loved brands such as Dettol, Durex, Finish, and Lysol. The company is committed to creating innovative, science-backed solutions to support healthier lives and a cleaner world.
Average Trading Volume: 1,502,902
Technical Sentiment Signal: Buy
Current Market Cap: £33.96B
For detailed information about RKT stock, go to TipRanks’ Stock Analysis page.