Reckitt Benckiser Executes Share Buyback, Adjusts Voting Rights

Reckitt ( (GB:RKT) ) has issued an announcement.

Reckitt Benckiser Group PLC announced the repurchase of 74,000 ordinary shares, which will be held in treasury. This transaction, conducted through HSBC Bank, is part of the authority granted by shareholders and impacts the total number of voting rights, now standing at 679,571,299. This move is likely to influence shareholder interests and market perceptions of the company’s financial strategies.

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 strong financial health and technical indicators are the most significant factors driving the stock’s positive outlook. The active corporate strategy with share buybacks and strategic appointments further supports confidence in the stock. However, a high P/E ratio indicates the stock might be overvalued, balanced by a solid dividend yield, making it attractive for income-focused investors.

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 portfolio of well-known brands and has a significant market presence globally.

Average Trading Volume: 1,588,399

Technical Sentiment Signal: Buy

Current Market Cap: £35.07B

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