Reece Limited Completes $365 Million Share Buy-Back
Reece Limited has completed a $365 million off-market share buy-back, repurchasing 28.1 million shares at $13.00 each, representing 4.3% of its issued share capital. This move allows the company to return excess capital to shareholders while maintaining a strong balance sheet for future growth. The current analyst rating for Reece Limited (AU:REH) is a Hold with a price target of A$12.50. The company's market cap stands at A$7.76 billion, with a year-to-date price performance of -45.56%.
An update from Reece Limited ( (AU:REH) ) is now available.
Reece Limited has successfully completed an off-market share buy-back, repurchasing 28.1 million shares at a price of $13.00 each, totaling $365 million. This buy-back represents 4.3% of the company’s issued share capital and allows Reece to return excess capital to shareholders while maintaining a robust balance sheet and funding future growth initiatives.
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 supply industry, providing a range of products and services tailored to both retail and trade customers. The company is focused on maintaining a strong market presence and supporting growth through strategic financial management.
YTD Price Performance: -45.56%
Average Trading Volume: 2,053,628
Technical Sentiment Signal: Sell
Current Market Cap: A$7.76B
For an in-depth examination of REH stock, go to TipRanks’ Overview page.
