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Reece Limited ( (AU:REH) ) just unveiled an announcement.
Reece Limited has announced an update on its ongoing on-market buy-back program, reporting the acquisition of 137,641 ordinary fully paid shares on the previous day, bringing the total number of shares bought back to 98,928 before that day. This buy-back initiative is part of the company’s strategy to optimize its capital structure and enhance shareholder value, reflecting a proactive approach to managing its financial resources and market positioning.
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 plumbing and bathroom supplies industry, providing a wide range of products and services to both residential and commercial markets. The company is known for its extensive distribution network and focus on quality and innovation in its offerings.
YTD Price Performance: -43.07%
Average Trading Volume: 1,010,227
Technical Sentiment Signal: Sell
Current Market Cap: A$7.76B
For an in-depth examination of REH stock, go to TipRanks’ Overview page.