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Reckitt ( (GB:RKT) ) just unveiled an announcement.
Reckitt Benckiser Group PLC has repurchased 60,215 of its ordinary shares from BNP Paribas SA, as part of a buyback program authorized by shareholders. The repurchased shares will be held in treasury, impacting the total number of voting rights and potentially influencing shareholder interests under regulatory guidelines.
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 nutrition products. The company is known for its wide range of household and personal care products, and it has a significant market presence globally.
Average Trading Volume: 1,530,579
Technical Sentiment Signal: Buy
Current Market Cap: £39.23B
For a thorough assessment of RKT stock, go to TipRanks’ Stock Analysis page.