Reckitt Benckiser Executes Share Buyback to Optimize Capital Structure

Reckitt ( (GB:RKT) ) just unveiled an announcement.

Reckitt Benckiser Group PLC announced the repurchase of 74,392 of its ordinary shares, which will be held in treasury. This transaction, conducted through HSBC Bank plc, reflects the company’s ongoing strategy to manage its capital structure effectively. Following this purchase, Reckitt holds a total of 56,404,030 shares in treasury, with 680,131,149 shares remaining in issue, impacting the total number of voting rights available to shareholders.

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. The company is known for its wide range of products including health and wellness items, household cleaning supplies, and personal care products, catering to a broad market focus.

Average Trading Volume: 1,593,395

Technical Sentiment Signal: Buy

Current Market Cap: £34.75B

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