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An announcement from Reckitt ( (GB:RKT) ) is now available.
Reckitt Benckiser Group PLC announced the purchase of 70,000 of its ordinary shares from RBC Europe Limited, following shareholder approval at the Annual General Meeting. The company plans to cancel these shares, impacting the total number of voting rights, which will be 676,270,177. This move is part of Reckitt’s strategy to manage its share capital and could influence shareholder interests and market positioning.
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 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 diverse range of products, including well-known brands in the health and hygiene sectors.
Average Trading Volume: 1,300,653
Technical Sentiment Signal: Buy
Current Market Cap: £38.56B
Find detailed analytics on RKT stock on TipRanks’ Stock Analysis page.