Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Reckitt ( (GB:RKT) ) just unveiled an announcement.
Reckitt Benckiser Group PLC announced the repurchase of 58,400 of its ordinary shares from BNP Paribas SA, as authorized by shareholders at the Annual General Meeting. The shares, bought at an average price of 5,993.10 pence, will be held in treasury, impacting the total number of voting rights, which now stands at 672,455,622. This transaction is part of Reckitt’s ongoing strategy to manage its share capital and potentially enhance shareholder value.
The most recent analyst rating on (GB:RKT) stock is a Hold with a £5500.00 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 reflects strong financial performance and strategic initiatives that support growth, particularly in emerging markets. While the valuation is a concern, the company’s focus on profitability and shareholder returns through buybacks and dividends enhances its investment appeal.
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 well-established brands and has a significant market presence globally.
Average Trading Volume: 1,754,480
Technical Sentiment Signal: Buy
Current Market Cap: £40.36B
For an in-depth examination of RKT stock, go to TipRanks’ Overview page.