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 from HSBC Bank plc, as part of a buyback program authorized by shareholders. The shares will be held in treasury, impacting the total number of voting rights and potentially influencing shareholder interests and market perceptions.

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 Benckiser’s strong financial performance and positive earnings call sentiment are key strengths, supported by strategic share buybacks. The stock’s technical indicators show bullish momentum, while the valuation reflects a high P/E ratio but is offset by a strong dividend yield.

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 diverse range of products, including well-known brands in cleaning, health, and personal care, and it targets global markets with a strong emphasis on innovation and sustainability.

Average Trading Volume: 1,612,687

Technical Sentiment Signal: Buy

Current Market Cap: £33.91B

See more data about RKT stock on TipRanks’ Stock Analysis page.