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Reckitt ( (GB:RKT) ) just unveiled an announcement.
Reckitt Benckiser Group has repurchased 49,430 of its ordinary shares from BNP Paribas as part of its ongoing share buyback programme authorised by shareholders at its 2025 AGM, with the shares to be held in treasury. Following this transaction, Reckitt holds 30.3 million shares in treasury and has 671.8 million ordinary shares in issue, setting the new total voting rights at 671,770,157, a figure that will guide investors’ regulatory disclosure thresholds and slightly enhance earnings per share by reducing the free float.
The most recent analyst rating on (GB:RKT) stock is a Buy with a £6886.00 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 health, hygiene and home products, with a portfolio that includes over-the-counter healthcare, cleaning and household brands sold across international markets. The group competes in fast-moving consumer goods segments where brand strength, scale and capital allocation decisions such as buybacks are key to shareholder value and market positioning.
Average Trading Volume: 1,776,916
Technical Sentiment Signal: Buy
Current Market Cap: £41.03B
Learn more about RKT stock on TipRanks’ Stock Analysis page.