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Reliance Worldwide Corp. ( (AU:RWC) ) has provided an announcement.
Reliance Worldwide Corporation Limited announced an update on its ongoing on-market buy-back program, detailing the acquisition of 310,960 ordinary fully paid securities on the previous day, bringing the total number bought back to 4,618,204. This buy-back initiative is part of the company’s strategy to manage its capital structure and enhance shareholder value, reflecting a proactive approach to optimizing financial operations and market positioning.
The most recent analyst rating on (AU:RWC) stock is a Hold with a A$4.50 price target. To see the full list of analyst forecasts on Reliance Worldwide Corp. stock, see the AU:RWC Stock Forecast page.
More about Reliance Worldwide Corp.
Reliance Worldwide Corporation Limited operates in the plumbing and water control industry, providing solutions and products for water flow and control systems. The company focuses on delivering high-quality plumbing products and services to a global market.
YTD Price Performance: -15.84%
Average Trading Volume: 2,627,075
Technical Sentiment Signal: Sell
Current Market Cap: A$3.17B
See more insights into RWC stock on TipRanks’ Stock Analysis page.