In a report released today, James Casey from Ord Minnett maintained a Buy rating on Reliance Worldwide Corp. Ltd. (RLLWF – Research Report), with a price target of A$5.60. The company’s shares closed last Tuesday at $3.22.
According to TipRanks, Casey is an analyst with an average return of -6.6% and a 44.23% success rate.
Reliance Worldwide Corp. Ltd. has an analyst consensus of Strong Buy, with a price target consensus of $3.57.
RLLWF market cap is currently $2.62B and has a P/E ratio of 20.37.
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Reliance Worldwide Corp. Ltd. (RLLWF) Company Description:
Reliance Worldwide Corp. designs and manufactures branded, high-quality plumbing products. Reliance operates in North American, European and Australasian plumbing product markets, with 70% of sales derived from the U.S. in fiscal 2018. Key products include pipe fittings and related pipe, control valves and thermostatic products. Reliance’s SharkBite-branded brass PTC plumbing fittings are a labour-saving innovation. Its disruptive entry into the plumbing fittings market in 2004 has provided strong growth for Reliance. Reliance’s SharkBite enjoys an estimated 90% share of the brass PTC plumbing fittings category. Reliance markedly increased its European market exposure through the acquisition of John Guest in 2018, a leading U.K. plastic PTC fitting and pipe manufacturer.
