Reckitt Benckiser Executes Share Buyback Program

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

Reckitt Benckiser Group PLC has repurchased 78,000 of its ordinary shares, as part of a buyback program authorized by shareholders. The shares, acquired at a volume-weighted average price of 4,915.72 pence, will be held in treasury, affecting the total number of voting rights, which now stands at 680,767,660. This transaction is part of Reckitt’s strategic financial management, potentially impacting shareholder value and market perception.

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 is a multinational consumer goods company operating in the health, hygiene, and home product sectors. The company is known for its wide range of products including cleaning agents, personal care items, and over-the-counter pharmaceuticals, with a significant market presence globally.

Average Trading Volume: 1,639,410

Technical Sentiment Signal: Buy

Current Market Cap: £33.56B

Learn more about RKT stock on TipRanks’ Stock Analysis page.