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Reckitt ( (GB:RKT) ) has shared an update.
Reckitt Benckiser Group has repurchased 48,420 of its ordinary shares from BNP Paribas under an existing shareholder authority, with the shares to be held in treasury, as part of its ongoing capital management activities. The company also cancelled 14 treasury shares, leaving 30,019,273 shares held in treasury and 672,070,052 voting rights in issue, a figure that will serve as the new reference point for investors assessing disclosure obligations under UK transparency rules.
The most recent analyst rating on (GB:RKT) stock is a Hold with a £5900.00 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 items such as disinfectants, over-the-counter health remedies and household cleaners in markets worldwide.
Average Trading Volume: 1,669,348
Technical Sentiment Signal: Buy
Current Market Cap: £41.51B
For an in-depth examination of RKT stock, go to TipRanks’ Overview page.