Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Reece Limited ( (AU:REH) ) has issued an announcement.
Reece Limited has announced an update on its off-market share buy-back program, initially disclosed on September 22, 2025. The buy-back, which opened on September 29, allows eligible shareholders to tender shares at prices ranging from $11.00 to $13.00. The demand has been strong, particularly at the higher end of this range, although the final buy-back price and size have yet to be determined. The buy-back aims to repurchase $250 million worth of shares, with the potential to increase to a maximum of $400 million, depending on the board’s discretion. The final details will be announced on October 20, 2025, after the buy-back period closes on October 17, 2025.
The most recent analyst rating on (AU:REH) stock is a Sell with a A$10.10 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 Group is a leading distributor of plumbing, waterworks, and HVAC-R products, serving commercial and residential customers through over 900 branches in Australia, New Zealand, and the United States. Established in 1920, the company is listed on the Australian Securities Exchange and employs approximately 9,000 people.
Average Trading Volume: 2,064,521
Technical Sentiment Signal: Sell
Current Market Cap: A$7.38B
For detailed information about REH stock, go to TipRanks’ Stock Analysis page.