Reckitt Benckiser Executes Share Buyback Program

The latest update is out from Reckitt ( (GB:RKT) ).

Reckitt Benckiser Group PLC has repurchased 78,000 of its ordinary shares from HSBC Bank plc, as part of a shareholder-authorized buyback program. The shares will be held in treasury, affecting the total number of voting rights and share calculations for stakeholders, aligning with regulatory requirements.

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 earnings performance and strategic initiatives are the primary drivers of its score, supported by solid dividend yield and efficient cash flow management. However, valuation concerns and revenue growth challenges slightly temper the outlook.

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 nutrition products. The company is known for its wide range of products, including well-known brands in the household cleaning, personal care, and over-the-counter pharmaceutical markets.

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.