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Reliance Worldwide Corp. ( (AU:RWC) ) has issued an update.
Reliance Worldwide Corporation Limited has announced an update on its ongoing share buy-back program, revealing that a total of 579,525 ordinary fully paid securities were repurchased on the previous day, bringing the total number of securities bought back to 2,989,866. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value, reflecting a proactive approach to managing its financial resources.
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 such as fittings, valves, and other water control solutions. The company focuses on delivering innovative solutions to enhance water management and plumbing efficiency.
YTD Price Performance: -13.61%
Average Trading Volume: 2,614,152
Technical Sentiment Signal: Sell
Current Market Cap: A$3.25B
For detailed information about RWC stock, go to TipRanks’ Stock Analysis page.