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The latest update is out from Reckitt ( (GB:RKT) ).
Reckitt Benckiser Group plc has repurchased 51,050 of its ordinary shares from BNP Paribas SA under an existing shareholder authority, with the shares to be held in treasury. Following this transaction, Reckitt now holds 30,355,264 shares in treasury and has 671,734,061 ordinary shares in issue carrying voting rights, a change that affects the company’s capital structure and provides an updated denominator 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 focused on health, hygiene and nutrition products, with a portfolio that includes leading household and personal care brands sold across international markets.
Average Trading Volume: 1,841,936
Technical Sentiment Signal: Buy
Current Market Cap: £39.99B
See more data about RKT stock on TipRanks’ Stock Analysis page.