Reckitt Benckiser Executes Share Buyback, Adjusts Voting Rights

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

Reckitt Benckiser Group PLC announced the repurchase of 80,000 ordinary shares, which will be held in treasury. This transaction, conducted through HSBC Bank plc, is part of the authority granted by shareholders at the Annual General Meeting. The repurchase affects the company’s total voting rights, now standing at 680,994,477, which is significant for stakeholders monitoring their interests under the FCA’s Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:RKT) stock is a Buy with a £51.00 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 its solid financial performance, strategic initiatives like share buybacks, and positive earnings call sentiment. While technical analysis indicates potential short-term bearish trends, the attractive dividend yield and strong cash flow management support a stable outlook. Continued focus on addressing revenue challenges and strategic execution will be key to maintaining investor confidence.

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. It is known for its diverse range of products that cater to consumer health and hygiene needs globally.

Average Trading Volume: 1,578,934

Technical Sentiment Signal: Buy

Current Market Cap: £33.28B

Find detailed analytics on RKT stock on TipRanks’ Stock Analysis page.