Reckitt Adjusts Capital Structure With Share Buyback and Treasury Share Cancellation

An update from Reckitt ( (GB:RKT) ) is now available.

Reckitt Benckiser has repurchased 48,420 of its ordinary shares from BNP Paribas under a previously announced buyback instruction, with the shares to be held in treasury, while also cancelling 14 treasury shares. Following these transactions, the company now holds 30,019,273 shares in treasury and has 672,070,052 voting rights in issue, a revised share capital structure that provides an updated denominator for investors’ disclosure obligations under UK transparency rules and reflects the continued use of buybacks as a capital management tool.

The most recent analyst rating on (GB:RKT) stock is a Hold with a £5900.00 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 stock score reflects strong financial performance and strategic initiatives that support growth, particularly in emerging markets. While the valuation is a concern, the company’s focus on profitability and shareholder returns through buybacks and dividends enhances its investment appeal.

To see Spark’s full report on GB:RKT stock, click here.

More about Reckitt

Reckitt Benckiser Group plc is a UK-based consumer goods company best known for its portfolio of hygiene, health and nutrition brands, with products ranging from household cleaners to over-the-counter healthcare items and infant nutrition. The group operates globally, targeting mass-market consumers through both retail and e-commerce channels, and is a constituent of major UK equity indices, making its capital allocation and share structure changes closely watched by investors.

Average Trading Volume: 1,669,348

Technical Sentiment Signal: Buy

Current Market Cap: £41.51B

For detailed information about RKT stock, go to TipRanks’ Stock Analysis page.