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The latest announcement is out from Reece Limited ( (AU:REH) ).
Reece Limited has announced an off-market share buy-back valued at $250 million, reflecting the Board’s confidence in its long-term strategy and strong financial position. The buy-back, set to occur through a tender process, is part of Reece’s capital allocation strategy to return excess capital to shareholders while maintaining financial flexibility for future growth opportunities. The initiative is open to eligible shareholders in Australia, New Zealand, and other jurisdictions, with the final buy-back price determined by market conditions and shareholder demand.
The most recent analyst rating on (AU:REH) stock is a Sell with a A$10.10 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 prominent distributor of plumbing, waterworks, and HVAC-R products, serving both commercial and residential customers through over 900 branches in Australia, New Zealand, and the United States. Established in 1920 and listed on the Australian Securities Exchange, the company employs approximately 9,000 people.
YTD Price Performance: -53.70%
Average Trading Volume: 2,136,847
Technical Sentiment Signal: Sell
Current Market Cap: A$6.67B
For a thorough assessment of REH stock, go to TipRanks’ Stock Analysis page.