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Reckitt ( (GB:RKT) ) has provided an update.
Reckitt Benckiser Group has repurchased 48,415 of its ordinary shares from BNP Paribas SA under its existing shareholder authority, paying a volume-weighted average price of 6,196.07 pence per share. The shares will be held in treasury, bringing its treasury stock to 29,970,867 shares and leaving 672,118,472 ordinary shares in issue with voting rights, a move that adjusts the company’s capital structure and provides a new reference point for investors monitoring their disclosure thresholds under UK transparency rules.
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 global consumer goods company focused on health, hygiene and nutrition products, selling well-known branded household and personal care items across international markets.
Average Trading Volume: 1,706,538
Technical Sentiment Signal: Buy
Current Market Cap: £41.51B
For detailed information about RKT stock, go to TipRanks’ Stock Analysis page.