REECE LTD.

Morningstar has lowered its fair‑value estimate for Reece by 2% to A$10.30, citing adjustments to the weighted average cost of capital and the time value of money. The research house sees high margins due to limited competition in Australia and New Zealand but does not expect significant growth beyond a cyclical recovery and considers the stock overvalued. According to LSEG data, 14 analysts rate the stock on average as "hold" with a median price target of A$15.45; the share last closed at A$16.80 (up 24.9% year‑to‑date). » Altro su de.investing.com

Reece Group reports H1 2026 revenue growth of 6% to AUD 4.6bn, while EBITDA fell 6% to AUD 448m and EBIT declined 14% to AUD 262m. The company invested heavily in network expansion, which supported revenue growth though like‑for‑like revenues remained flat. The ANZ region saw moderate growth, while the US business was hit by weak residential construction demand; the share price rose 10.4% after the results. Reece announced an interim dividend of AUD 0.0544 and confirmed EPS and revenue guidance for 2026/2027 despite challenging market conditions. » Altro su de.investing.com

Reece reports for H1 2026 a revenue rise of 6% to $4.6bn, with EBIT down 14% to $262m and EPS down 19% to 23 cents. The company opened 23 branches (ANZ net +4 to 680, US network to 286) and increased capital expenditure and depreciation, which weighed on margins; the dividend remains at 5.44 cents. Reece carried out $401m of share buybacks, increased its net leverage ratio to 1.5x and emphasizes its long‑term expansion strategy despite short‑term challenging market conditions; the stock jumped about 10.6% after the results. » Altro su de.investing.com