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Reckitt ( (GB:RKT) ) has issued an update.
Reckitt Benckiser Group plc has repurchased 49,670 of its ordinary shares from BNP Paribas SA under its existing shareholder authority, with the shares to be held in treasury rather than cancelled. Following this transaction, Reckitt now holds 30,418,088 shares in treasury and has 671,671,237 ordinary shares in issue, setting the company’s total voting rights at 671,671,237 and providing an updated reference point for investors assessing disclosure thresholds under UK transparency rules.
The most recent analyst rating on (GB:RKT) stock is a Buy with a £70.00 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 health, hygiene and home products, operating in highly competitive branded consumer markets and listed on the London Stock Exchange.
Average Trading Volume: 1,804,028
Technical Sentiment Signal: Buy
Current Market Cap: £40.43B
For a thorough assessment of RKT stock, go to TipRanks’ Stock Analysis page.