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Reckitt ( (GB:RKT) ) has shared an update.
Reckitt Benckiser Group plc has repurchased 58,785 of its ordinary shares from BNP Paribas SA under its shareholder-approved buyback authority, paying a volume-weighted average price of 5,953.57 pence per share, with the shares to be held in treasury. Following this transaction, Reckitt holds 30,471,194 shares in treasury and has 671,618,131 ordinary shares in issue, setting the new total voting rights at 671,618,131, a figure that will guide shareholders’ disclosure obligations under UK transparency rules and slightly consolidates existing investors’ ownership stakes.
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 well-known household and personal care brands sold across international markets.
Average Trading Volume: 1,827,598
Technical Sentiment Signal: Buy
Current Market Cap: £39.99B
See more data about RKT stock on TipRanks’ Stock Analysis page.