Reece Limited

Reece Limited has increased its on-market share buyback target by $50 million to $85 million, reflecting the board's confidence in the company. The buyback, starting December 12, 2025, will be funded from cash reserves and debt, aiming to enhance earnings per share and maintain shareholder value. Reece is a major distributor of plumbing and HVAC-R products, with a market cap of A$7.84B. The stock's recent analyst rating is Hold with a A$12.40 price target.

Tip Ranks

Reece lifts on-market share buyback to $85m as board signals confidence

Ord Minnett's analyst James Casey reaffirms a Buy rating on Reece Limited (REECF) with a price target of A$14.50. Despite Casey's 2-star rating and a 0.6% average return, the analyst consensus on Reece Limited is a Hold, with an average price target of $8.13. Casey specializes in the Consumer Cyclical sector, covering companies like ARB Corporation and Beacon Lighting Group Ltd.

Ord Minnett Reaffirms Their Buy Rating on Reece Limited (REECF)

Macquarie's analyst Peter Steyn upgraded Reece Limited to a Hold with a price target of A$11.00. Steyn is a 2-star analyst with a 1.5% average return and a 42.59% success rate. The general consensus on The Street is a Hold rating for Reece Limited, with an average price target of $8.13.

Macquarie upgrades Reece Limited (REECF) to a Hold

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%.

Reece Limited Completes $365 Million Share Buy-Back

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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.

Macquarie Group

Macquarie Reaffirms Their Sell Rating on 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.

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

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.

Reece Limited Announces $250 Million Share Buy-Back

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.

Macquarie downgrades Reece Limited (REECF) to a Sell

Reece Limited (ASX:REH) has experienced significant share price fluctuations, reaching a high of AU$17.36 and a low of AU$13.08, currently trading at AU$14.14. Valuation suggests it is fairly priced at 16.36% above intrinsic value of AU$12.15, with a positive growth outlook of 17% in profits over the next few years. Investors should consider the company's financial strength and market conditions before making investment decisions, as the stock is currently trading around its fair value.

Simplywall

What Is Reece Limited's (ASX:REH) Share Price Doing?

Reece Limited (ASX:REH) has seen net insider selling over the past year, with insiders selling 2.00 million shares for AU$47 million, while only purchasing 37.09k shares worth AU$666k. The largest sale was by Leslie Wilson, totaling AU$47 million at AU$23.74 per share. Recently, Independent Non-Executive Director Angela Mentis bought AU$31k worth of shares. Insiders own about AU$1.0 billion worth of shares, representing 12% of the company, indicating alignment with shareholder interests. However, the lack of significant recent purchases raises concerns about insider confidence.

Reece Sees Insider Stock Selling

Reece Limited (AU:REH) announced the resignation of Ross McEwan as non-executive and Lead Independent Director, effective June 30, 2025, to focus on his role at BHP Group Limited. The company appreciates his contributions and plans to appoint a new Lead Independent Director soon. Currently, the stock has a Sell rating with a price target of A$19.00. Reece Group is a major distributor of plumbing and HVAC-R products, operating around 900 branches across Australia, New Zealand, and the U.S.

Reece Limited Announces Board Resignation

Reece Limited (ASX:REH) has experienced stock price fluctuations, gaining 0.708% recently but down 24.45% over the past year. Despite mixed financial performance, with a revenue increase in 2024 but a decline in the first half of 2025, the company continues to invest in expansion and technology. While it holds a strong market position, challenges from competitors and a tough trading environment persist. The decision to invest depends on individual risk tolerance and investment strategy, making it potentially attractive for long-term investors but risky for short-term traders.

AInvest

Is It Too Late To Consider Buying Reece Limited (ASX:REH)?

Reece Limited (ASX:REH) has seen a 32% decline in its share price over the past three months, despite decent fundamentals. The company's return on equity (ROE) stands at 9.2%, slightly below the industry average of 11%. Reece has achieved a modest net income growth of 13% over five years, but this is lower than the industry average of 28%. The company retains 61% of its profits for reinvestment, indicating efficient use of retained earnings. Analysts predict a slowdown in future earnings growth, with an expected ROE of 10%.

Decent

Reece Limited (ASX:REH) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?

Reece Limited (AU:REH) has reported that director Angela Mentis has increased her shareholding by acquiring an additional 2,500 ordinary shares, totaling 5,000 shares. This transaction, valued at $43,750, was made through an on-market purchase, suggesting confidence in the company's future. Reece Limited operates in the plumbing and bathroom supplies industry, serving both residential and commercial sectors in Australia, with a current market cap of $6.94B and a consensus rating of Strong Sell.