3 stories mentioning ASX:REH
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Reece (ASX:REH) has an average rating of hold and mean price target of AU$15.18, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Reece's (ASX:REH) acceleration of hiring, especially in specific roles, pointed to volume growth, with total active Reece job advertisements rising 27.9% since Jan. 5, Jarden said in a Wednesday note.Jarden said it analyzed pricing, job advertisement, website traffic, and footfall data across over 500 Reece Australian stores. Average prices across the over 2,000 stock-keeping units are up 6.3% since January, yet there is no evidence of volume elasticity.Footfall growth across the network has accelerated, up 8.4% year-to-date. In aggregate, 834 articles saw price increases year-to-date.Reece saw footfall data from Victoria inflecting from a 6.6% footfall decline through 2025 to 12.4% growth year-to-date.The investment firm retained its overweight rating on Reece and cut the price target to AU$16.10 per share from AU$16.40 per share.
James Hardie Industries (ASX:JHX) is best positioned amongst Australian building products stocks to weather headwinds amid a challenging US housing outlook, Jefferies said in a Wednesday note.The equity research firm pointed to the company's internal initiatives and conservative set-up for fiscal 2027 driving earnings growth in the mid-single-digit percentage range.It added that Reliance Worldwide's (ASX:RWC) outlook remains challenged as a result of cost headwinds related to copper and tariffs, while Reece's (ASX:REH) investment in its US physical footprint entails a near-term cost for shareholders with only minor improvement anticipated in the short term.A Reece store analysis indicates a slower ramp-up of earnings than assumed by consensus forecasts, Jefferies said.The equity research firm maintained a buy recommendation on both James Hardie and Reliance Worldwide, and a hold rating on Reece. It cut the price target on James Hardie to AU$42 from AU$46, lowered the price target to AU$15.90 from AU$16.50 for Reece, and trimmed the price target on Reliance Worldwide to AU$3.80 from AU$4.05.James Hardie Industries' shares fell almost 5% in recent Thursday trade, Reliance Worldwide's shares shed 3%, and Reece's shares tumbled 6%.