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Reckitt ( (GB:RKT) ) has provided an update.
Reckitt Benckiser Group PLC has repurchased 69,400 of its ordinary shares as part of a buyback program authorized by shareholders. The repurchased shares will be canceled, reducing the total number of shares in circulation and potentially increasing the value of remaining shares, which may impact shareholder voting rights and market perception.
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 nutrition products. The company is known for its wide range of household and personal care brands, serving a global market with a strong emphasis on innovation and sustainability.
Average Trading Volume: 1,463,730
Technical Sentiment Signal: Buy
Current Market Cap: £38.94B
Learn more about RKT stock on TipRanks’ Stock Analysis page.