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The latest announcement is out from Reece Limited ( (AU:REH) ).
Reece Limited has lifted its on-market share buyback target by $50 million to a total of $85 million, underscoring the board’s confidence in the business and its focus on disciplined capital management. The buyback, which began on 12 December 2025 and may run for up to 12 months, will be funded from existing cash reserves and debt facilities, with the scale and timing of purchases determined by market conditions and share price—moves that are likely to support earnings per share and signal a continued commitment to shareholder value while maintaining a conservative balance sheet to fund future growth.
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 Group is a leading distributor of plumbing, waterworks and HVAC-R products, supplying commercial and residential customers through more than 900 branches across Australia, New Zealand and the United States, with around 9,000 employees and a long-standing listing on the Australian Securities Exchange.
YTD Price Performance: -42.48%
Average Trading Volume: 1,040,679
Technical Sentiment Signal: Sell
Current Market Cap: A$7.84B
For a thorough assessment of REH stock, go to TipRanks’ Stock Analysis page.