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The latest update is out from Reckitt ( (GB:RKT) ).
Reckitt Benckiser Group PLC announced the repurchase of 69,900 of its ordinary shares from RBC Europe Limited, with plans to cancel these shares. This transaction, conducted under the authority granted at the company’s Annual General Meeting, will adjust the total number of voting rights, impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
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 home products. The company is known for its wide range of products, including well-known brands in cleaning, health, and personal care sectors, and it targets a global market.
Average Trading Volume: 1,462,891
Technical Sentiment Signal: Buy
Current Market Cap: £38.63B
Find detailed analytics on RKT stock on TipRanks’ Stock Analysis page.