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Reckitt ( (GB:RKT) ) has shared an update.
Reckitt Benckiser Group PLC has repurchased 69,800 of its ordinary shares as part of a buyback program authorized by shareholders. The company plans to cancel these shares, which will result in a total of 675,262,729 voting rights. This move is part of Reckitt’s strategy to manage its share capital and potentially enhance shareholder value.
The most recent analyst rating on (GB:RKT) stock is a Hold with a £56.00 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 operates in the consumer goods industry, focusing on health, hygiene, and nutrition products. The company is known for its diverse range of well-known brands and has a significant market presence globally.
Average Trading Volume: 1,415,759
Technical Sentiment Signal: Buy
Current Market Cap: £38.94B
See more insights into RKT stock on TipRanks’ Stock Analysis page.