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Reece Limited
REH.AU
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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%.

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Macquarie Reaffirms Their Sell Rating on Reece Limited (REECF)

According to TipRanks, Steyn is a 2-star analyst with an average return of 2.5% and a 44.00% success rate. Reece Limited has an analyst consensus of Moderate Sell, with a price target consensus of $8.07.

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US
MQBKY
+2.83%
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US
MQBKY
+2.83%

Ord Minnett Sticks to Their Buy Rating for Reece Limited (REECF)

According to TipRanks, Casey is a 3-star analyst with an average return of 3.3% and a 52.23% success rate. Casey covers the Consumer Cyclical sector, focusing on stocks such as ARB Corporation , Breville Group , and Adairs Ltd.. The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Reece Limited with a $8.63 average price target.

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Reece Limited Announces $250 Million Share Buy-Back

Reece Limited (AU:REH) has announced a $250 million off-market share buy-back, demonstrating the Board's confidence in its long-term strategy and financial position. This buy-back aims to return excess capital to shareholders while ensuring financial flexibility for future growth. The initiative is open to eligible shareholders in various jurisdictions, with the final price determined by market conditions. Currently, the stock has a Sell rating with a price target of A$10.10. Reece Group is a major distributor of plumbing and HVAC-R products, operating over 900 branches across Australia, New Zealand, and the U.S.

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Macquarie downgrades Reece Limited (REECF) to a Sell

According to TipRanks, Steyn is ranked #4867 out of 9983 analysts. Reece Limited has an analyst consensus of Hold, with a price target consensus of $8.80.

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