Reckitt Benckiser Executes Share Buyback Program

Reckitt ( (GB:RKT) ) has shared 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 affecting shareholder interests 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 overall stock score is driven by solid financial performance and positive earnings call sentiment, underscored by strategic corporate events. While technical indicators show positive momentum, the stock’s valuation and revenue growth concerns 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 global consumer goods company operating in the health, hygiene, and home sectors. It is known for its wide range of products including health and wellness items, household cleaning supplies, and personal care products.

Average Trading Volume: 1,601,657

Technical Sentiment Signal: Buy

Current Market Cap: £34.12B

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