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The latest announcement is out from Reckitt ( (GB:RKT) ).
Reckitt Benckiser Group has repurchased 48,660 of its ordinary shares from BNP Paribas, under an existing shareholder-authorised buyback programme, at a volume-weighted average price of 6,162.77 pence per share, with the shares to be held in treasury. Following this transaction, Reckitt now holds 30,097,966 shares in treasury and has 671,991,359 ordinary shares in issue, setting the company’s total voting rights at 671,991,359 and clarifying the denominator investors should use for regulatory disclosure of shareholdings under UK transparency rules.
The most recent analyst rating on (GB:RKT) stock is a Hold with a £6716.00 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 is a global consumer goods company focused on health, hygiene and nutrition products, with a portfolio that includes well-known household and personal care brands sold across multiple international markets.
Average Trading Volume: 1,684,592
Technical Sentiment Signal: Buy
Current Market Cap: £41.86B
Learn more about RKT stock on TipRanks’ Stock Analysis page.