Reece Limited Completes $365 Million Share Buy-Back
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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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