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An announcement from Reece Limited ( (AU:REH) ) is now available.
Reece Limited has announced an on-market share buyback of up to $35 million, following a previous $365 million off-market buyback. This initiative is part of Reece’s strategic capital allocation to enhance shareholder value while maintaining a strong balance sheet for future growth. The buyback will be funded from existing cash and debt facilities and is set to begin on or after December 12, 2025, potentially lasting up to 12 months, depending on market conditions.
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, serving commercial and residential customers through over 900 branches across Australia, New Zealand, and the United States. Established in 1920 and listed on the Australian Securities Exchange, the company employs approximately 9,000 people.
Average Trading Volume: 1,324,657
Technical Sentiment Signal: Sell
Current Market Cap: A$7.63B
See more insights into REH stock on TipRanks’ Stock Analysis page.