25/02/2025 09:36

Reece Ltd (REH) $19.05

Plumbing products company Reece Limited (REH) retreated 13.2% to a new one-year low of $19.05 after it said sales were down 3% to $4.4 billion in the six months to December 31.

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11/02/2025 09:33

Reece Ltd (REH) $22.70

REH fell -2.3% on Monday, slipping down towards its 12-month low, in this case not a high-flyer experiencing profit-taking. The plumbing and hardware merchant has struggled over the last six months due to soft housing activity in the US and at home, not ideal when your stock was being priced for growth.

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25/10/2024 09:15

Reece Ltd (REH) $24.45

REH tumbled almost 8% on Thursday making it the worst performer on the main board, the plumbing and hardware merchant experienced its worst day since August 2021.

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21/08/2024 09:25

Reece Ltd (REH) $26.28

Plumbing, building and hardware merchant REH is unchanged so far this week after reporting on Monday. After the company narrowly missed analyst earnings estimates and flagged persistent short-term challenges, the stock initially dipped ~4% but has recovered as buying emerged into weakness.

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21/06/2024 09:05

Reece Ltd (REH) $25.80

Plumbing and hardware business REH surged higher in February following its strong HY24 result, which demonstrated solid profit growth and subsequent broker upgrades.  Strong earnings were driven by cost control and operational efficiencies despite a relatively subdued demand environment, i.e. impressive prudent management.

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09/05/2024 09:00

Reece Ltd (REH) $27.76

Plumbing and hardware business REH surged higher in February following its strong HY24 result, which demonstrated strong profit growth and led to upgrades from Morgan Stanley, Morgans, and UBS. The stock has been consolidating over recent months as bond jitters weighed on stocks, but with these slowly dissipating, a break to fresh all-time highs looks and feels almost inevitable. Unfortunately, the risk/reward isn't compelling close to $28.

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08/09/2023 09:10

Reece Ltd (REH) $19.29

Plumbing and hardware business REH fell -2.3% on Thursday, not a huge decline within the context of many moves on the day but it did make fresh 4-week lows in the process. We believe that REH’s rally since June 2022 is maturing fast, and there wasn’t enough in last month's result to push the stock above $21.

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03/08/2023 09:38

Reece Ltd (REH) $19.31

Plumbing & hardware business REH hit a fresh 52-week high this week as it continues to recover solidly aided by the potential end to the rate hiking cycle which theoretically should act as a tailwind for the stock.

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13/07/2023 09:24

Reece Ltd (REH) $18.22

Plumbing and hardware business REH has direct exposure to housing with over 50% of their earnings coming from the US with the balance in Australia, a perceived top in the interest rate cycle should act as a tailwind for the stock. We continue to believe this is an excellent medium-term business with both of its markets needing new homes.

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06/06/2023 09:35

Reece Ltd (REH) $18.75

Reece (REH ) has direct exposure to housing via selling kitchen, bathroom, and laundry products with over 50% of their earnings coming from the US with the balance in Australia.

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