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Reckitt ( (GB:RKT) ) has shared an update.
Reckitt Benckiser Group plc has repurchased 49,250 of its ordinary shares from BNP Paribas SA under an existing shareholder-authorised buyback programme, with the shares to be held in treasury. Following this transaction, Reckitt now holds 30,368,418 shares in treasury and has 671,720,907 ordinary shares in issue, setting the new total voting rights at 671,720,907, a figure shareholders must use when assessing disclosure obligations under UK transparency rules, and signalling continued capital management activity that can affect share liquidity and investor holdings.
The most recent analyst rating on (GB:RKT) stock is a Buy with a £6970.00 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: 1,806,280
Technical Sentiment Signal: Buy
Current Market Cap: £41.03B
Find detailed analytics on RKT stock on TipRanks’ Stock Analysis page.