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The latest update is out from Reckitt ( (GB:RKT) ).
Reckitt Benckiser Group PLC announced the repurchase of 80,000 of its ordinary shares from RBC Europe Limited, as authorized by shareholders at the company’s Annual General Meeting. The repurchased shares, bought at a volume-weighted average price of 5,590.52 pence, will be canceled, reducing the total number of shares in issue and affecting the voting rights structure. This move is part of the company’s ongoing efforts to manage its capital structure and may influence shareholder interest and market perceptions.
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 is a multinational consumer goods company operating in the health, hygiene, and home products sectors. The company is known for its wide range of products, including household cleaning agents, health and wellness products, and over-the-counter pharmaceuticals.
Average Trading Volume: 1,300,286
Technical Sentiment Signal: Buy
Current Market Cap: £37.81B
Learn more about RKT stock on TipRanks’ Stock Analysis page.