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Citigroup Keeps Their Sell Rating on Reliance Worldwide Corp. Ltd. (RLLWF)

According to TipRanks.com, Seow is a 1-star analyst with an average return of -3.0% and a 45.7% success rate. Seow covers the Basic Materials sector, focusing on stocks such as Fletcher Building Limited, Boral Limited, and James Hardie.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Reliance Worldwide Corp. Ltd. with a $3.82 average price target.

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Based on Reliance Worldwide Corp. Ltd.’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0.

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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.

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