Reece Limited

Reece Group operate Australia’s largest plumbing and bathroom supplies business, as well as 8 others in allied industries. Their plumbing and bathroom products are sourced both locally and internationally which you can find in over 600 locations across Australia and New Zealand. They’re continually expanding into fresh areas, developing new technologies and systems and pioneering innovative plumbing and bathroom products.

ASX Code
REH

Sector
Capital Goods

Website
https://www.reece.com.au/

Spotlight Videos

Analysis of Reece, BlueScope Steel and Credit Corp Group

October 30, 2024 - by Finance News Network

Fund Manager Chris Pedersen discusses Reece, BlueScope Steel and Credit Corp Group.

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News

Reece and GWA: A tale of two giants

August 19, 2024 - by Glenn Dyer

It was a very different market reaction on Monday to the full-year results of plumbing supplier Reece (ASX:REH) than we saw for the interim back on 26 February. Then, a 5% lift in EBIT and a 20% jump in statutory earnings – 6% higher after dropping one-off items – but a steady dividend saw the shares surge more than 18% on the day to $28.50.

Reece surges despite analysts’ erroneous predictions

February 28, 2024 - by Glenn Dyer

Analysts found themselves off the mark when assessing the half-year results of plumbing supplies giant Reece (ASX:REH), as evidenced by the surprising 18% surge in share price witnessed yesterday, following a remarkable 70% increase in value over the past year.

REH – Morgans rates the stock as Hold

April 26, 2022 - by Broker News

Hold rating is maintained. The target is reduced to $18.25 from $20.10.

REH – Morgans rates the stock as Hold

February 28, 2022 - by Broker News

Morgans raises its target price to $20.10 from $18.40. However, the valuation is regarded as full and the Hold rating is maintained.

Our vacations might not be the only thing ‘staying local’ for a while

December 14, 2020 - by Yarra Capital Management

Australian investors are known to be very parochial, and have historically reflected this attitude with a home bias – possibly because of the lure of familiarity with companies, franking credits and the currency hedge (most spend in Australian dollars).