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Reckitt ( (GB:RKT) ) just unveiled an announcement.
Reckitt Benckiser Group PLC announced the purchase of 69,262 of its ordinary shares from RBC Europe Limited, as per the authority granted by shareholders in May 2025. The company plans to cancel these shares, which will result in 675,055,364 ordinary shares in issue, excluding treasury shares. This transaction is part of Reckitt’s strategy to manage its share capital and maintain shareholder value, impacting the total number of voting rights and potentially influencing shareholder interests.
The most recent analyst rating on (GB:RKT) stock is a Hold with a £5200.00 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 that cater to various market segments, including pharmaceuticals, cleaning agents, and personal care items.
Average Trading Volume: 1,462,891
Technical Sentiment Signal: Buy
Current Market Cap: £38.63B
See more data about RKT stock on TipRanks’ Stock Analysis page.