Reckitt Benckiser Group plc Stock Price Today: Shares Rise After Buyback, but Margin Worries Linger
Reckitt closed up 0.59% at 5,110 pence Tuesday after disclosing a 157,000-share buyback under its ongoing repurchase plan. The stock remains well below its 52-week high as investors weigh margin warnings and weak European demand flagged in March. The FTSE 100 rose 0.7%, leaving Reckitt trailing the index. Management continues to focus on emerging markets after a 17.2% revenue jump there last quarter.