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An announcement from Reckitt ( (GB:RKT) ) is now available.
Reckitt Benckiser Group plc has repurchased 49,270 of its ordinary shares from BNP Paribas SA under its existing shareholder authority, at a volume-weighted average price of 6,088.22 pence per share, with the shares to be held in treasury. Following this transaction, Reckitt now holds 30,277,522 shares in treasury and has 671,811,803 ordinary shares in issue, setting the company’s total voting rights at 671,811,803 and providing clarity for investors on the denominator to use when assessing disclosure thresholds under UK transparency rules.
The most recent analyst rating on (GB:RKT) stock is a Buy with a £6961.00 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 best known for its household, health, and hygiene brands, operating primarily in the fast-moving consumer goods sector with a broad international shareholder base.
Average Trading Volume: 1,811,959
Technical Sentiment Signal: Buy
Current Market Cap: £41.09B
See more data about RKT stock on TipRanks’ Stock Analysis page.