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An announcement from Reece Limited ( (AU:REH) ) is now available.
Reece Limited has announced the final notification of its buy-back program, purchasing a total of 28,097,753 ordinary fully paid securities for a consideration of AUD 365,270,789. This buy-back is part of an equal access scheme, indicating a strategic move to consolidate its share base, potentially enhancing shareholder value and optimizing capital structure.
The most recent analyst rating on (AU:REH) stock is a Hold with a A$12.50 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 plumbing and bathroom products industry, offering a wide range of products and services primarily focused on plumbing, bathroom, and HVAC supplies. The company is a significant player in the Australian market, providing products to both retail and trade customers.
YTD Price Performance: -45.56%
Average Trading Volume: 2,053,628
Technical Sentiment Signal: Sell
Current Market Cap: A$7.76B
For detailed information about REH stock, go to TipRanks’ Stock Analysis page.