Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An announcement from Reckitt ( (GB:RKT) ) is now available.
Reckitt Benckiser Group plc has repurchased 58,860 of its ordinary shares from BNP Paribas SA under an existing shareholder-authorised buyback programme, paying a volume-weighted average price of 5,945.65 pence per share, with the shares to be held in treasury. Following this latest transaction, Reckitt now holds 30,414,124 shares in treasury and has 671,675,201 ordinary shares in issue, setting the updated total voting rights at 671,675,201, 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 £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, selling branded household and personal care items in markets worldwide.
Average Trading Volume: 1,841,936
Technical Sentiment Signal: Buy
Current Market Cap: £39.99B
For detailed information about RKT stock, go to TipRanks’ Stock Analysis page.