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