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Reckitt ( (GB:RKT) ) has provided an announcement.
Reckitt Benckiser Group plc has repurchased 58,840 of its ordinary shares from BNP Paribas SA under its shareholder-approved buyback authority, with the shares to be held in treasury. Following this transaction, Reckitt now holds 29,767,970 shares in treasury and has 672,321,369 ordinary shares in issue, setting the new total voting rights at 672,321,369, a key reference figure for investors monitoring their disclosure obligations under UK transparency rules.
The most recent analyst rating on (GB:RKT) stock is a Buy with a £65.00 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 household and personal care brands sold across multiple international markets.
Average Trading Volume: 1,637,898
Technical Sentiment Signal: Buy
Current Market Cap: £40.22B
Learn more about RKT stock on TipRanks’ Stock Analysis page.