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The latest announcement is out from Reece Limited ( (AU:REH) ).
Reece Limited announced a daily update regarding its ongoing share buy-back program, revealing the buy-back of 169,040 ordinary fully paid shares on the previous day. The buy-back initiative is aimed at optimizing capital management and is part of the company’s broader strategy to enhance shareholder returns. This move could potentially strengthen the company’s stock performance and reflect confidence in their financial health.
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 operates in the industrial and retail sectors, focusing on plumbing, waterworks, and HVAC-R (Heating, Ventilation, Air Conditioning, and Refrigeration) products. The company primarily caters to professionals in construction, maintenance, and property development across Australian and international markets.
Average Trading Volume: 996,005
Technical Sentiment Signal: Sell
Current Market Cap: A$7.85B
See more data about REH stock on TipRanks’ Stock Analysis page.