Reckitt Benckiser Executes Share Buyback Program

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

Reckitt Benckiser Group PLC announced the repurchase of 76,000 of its ordinary shares, which will be held in treasury. This transaction, conducted through HSBC Bank plc, was part of a previously authorized share buyback program. The move is expected to impact the company’s share capital structure, with a total of 680,471,227 ordinary shares now in issue, excluding treasury shares. This adjustment in shareholding can influence shareholder voting rights and interest notifications 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 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 home products. The company is known for its diverse range of products, including well-known brands in the healthcare, cleaning, and personal care sectors.

Average Trading Volume: 1,605,975

Technical Sentiment Signal: Buy

Current Market Cap: £34.25B

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