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Reece Limited ( (AU:REH) ) has provided an update.
Reece Limited has increased the size of its existing on-market share buyback program, lifting the total value of ordinary shares it may repurchase to up to AUD 85 million. The expanded buyback signals the company’s continued focus on capital management and returning value to shareholders, and may support its share price and earnings-per-share metrics, with implications for investors monitoring its balance sheet strength and capital allocation strategy.
The most recent analyst rating on (AU:REH) stock is a Hold with a A$12.40 price target. To see the full list of analyst forecasts on Reece Limited stock, see the AU:REH Stock Forecast page.
More about Reece Limited
Reece Limited (ASX: REH) is an Australian-listed company whose ordinary fully paid shares trade on the ASX, positioning it within the broader industrial and building-related sector, with shareholders exposed to movements in its equity value through on-market trading of its ordinary shares.
YTD Price Performance: -42.48%
Average Trading Volume: 1,040,679
Technical Sentiment Signal: Sell
Current Market Cap: A$7.84B
For detailed information about REH stock, go to TipRanks’ Stock Analysis page.