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Reckitt ( (GB:RKT) ) has shared an update.
Reckitt Benckiser Group PLC announced the purchase of 70,000 of its ordinary shares from RBC Europe Limited, as part of a buyback program authorized by shareholders. The company intends to cancel these shares, which will adjust the total number of voting rights to 676,200,177. This move is part of Reckitt’s strategy to manage its capital structure and potentially enhance shareholder value.
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 wide range of products including disinfectants, personal care items, and over-the-counter pharmaceuticals, serving a global market.
Average Trading Volume: 1,295,364
Technical Sentiment Signal: Buy
Current Market Cap: £38.27B
See more data about RKT stock on TipRanks’ Stock Analysis page.