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An update from Reckitt ( (GB:RKT) ) is now available.
Reckitt Benckiser Group PLC announced the repurchase of 80,000 ordinary shares as part of a buyback program authorized by shareholders. The shares were purchased at a volume-weighted average price of 5,565.14 pence and will be canceled, impacting the total number of voting rights and shares in issue. This move is part of the company’s strategy to manage its capital structure and 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 well-established brands and has a significant market presence globally.
Average Trading Volume: 1,295,364
Technical Sentiment Signal: Buy
Current Market Cap: £38.27B
For an in-depth examination of RKT stock, go to TipRanks’ Overview page.