Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Reckitt ( (GB:RKT) ) has issued an update.
Reckitt Benckiser Group PLC announced the repurchase of 59,665 of its ordinary shares from BNP Paribas SA, as authorized by shareholders at the company’s Annual General Meeting. The repurchased shares will be held in treasury, affecting the total number of voting rights, which will now be 674,107,788. This move is part of the company’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 £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 diverse range of products, including well-known brands in the health and hygiene sectors, and it aims to maintain a strong market presence globally.
Average Trading Volume: 1,591,321
Technical Sentiment Signal: Buy
Current Market Cap: £39.7B
Learn more about RKT stock on TipRanks’ Stock Analysis page.