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Reckitt ( (GB:RKT) ) just unveiled an announcement.
Reckitt Benckiser Group PLC has successfully completed the third and final tranche of its £1 billion share buyback programme, purchasing nearly 10 million ordinary shares. This move aligns with Reckitt’s capital allocation policy and commitment to returning surplus cash to shareholders, with plans to announce a new buyback programme alongside its HY 2025 results.
The most recent analyst rating on (GB:RKT) stock is a Buy with a £51.00 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 is bolstered by strong financial performance and positive earnings call sentiment, reflecting robust earnings growth and strategic advancements. Although technical indicators point to potential short-term bearishness, the company’s valuation and dividend yield offer stability and appeal to long-term investors.
To see Spark’s full report on GB:RKT stock, click here.
More about Reckitt
Reckitt Benckiser Group PLC is a leading company in the consumer health and hygiene industry, known for its popular brands such as Dettol, Durex, Finish, and Lysol. The company focuses on creating innovative, science-backed solutions to promote healthier lives and a cleaner world, with a commitment to sustainability and community support.
Average Trading Volume: 1,618,315
Technical Sentiment Signal: Buy
Current Market Cap: £33.57B
For a thorough assessment of RKT stock, go to TipRanks’ Stock Analysis page.