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Reliance Worldwide Corp. ( (AU:RWC) ) has issued an announcement.
Reliance Worldwide Corporation Limited has announced an update on its ongoing on-market buy-back program, reporting the repurchase of 362,000 ordinary fully paid securities on the previous day, adding to a total of 1,492,659 securities bought back prior. This buy-back initiative is part of the company’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and signaling confidence in its financial health.
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 a range of products and solutions for water flow and control systems. The company focuses on delivering innovative and reliable products to meet the needs of residential, commercial, and industrial markets.
YTD Price Performance: -16.45%
Average Trading Volume: 2,570,062
Technical Sentiment Signal: Sell
Current Market Cap: A$3.14B
Learn more about RWC stock on TipRanks’ Stock Analysis page.