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Reckitt ( (GB:RKT) ) just unveiled an announcement.
Reckitt Benckiser Group PLC announced the repurchase of 59,680 of its ordinary shares from BNP Paribas SA, following the authority granted at its Annual General Meeting. The shares will be held in treasury, impacting the total number of voting rights available to shareholders, which now stands at 674,167,453. This transaction is part of Reckitt’s ongoing efforts to manage its capital structure and could influence shareholder decisions regarding their interests in the company.
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 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 has a significant market presence globally.
Average Trading Volume: 1,572,873
Technical Sentiment Signal: Buy
Current Market Cap: £39.62B
For an in-depth examination of RKT stock, go to TipRanks’ Overview page.