The company’s shares closed last Monday at $3.25.
According to TipRanks.com, Seow is a 1-star analyst with an average return of -4.3% and a 32.3% success rate. Seow covers the Basic Materials sector, focusing on stocks such as Fletcher Building Limited, Boral Limited, and James Hardie.
Currently, the analyst consensus on Reliance Worldwide Corp. Ltd. is a Moderate Buy with an average price target of $4.36.
Reliance Worldwide Corp. Ltd.’s market cap is currently $2.49B and has a P/E ratio of 17.77.
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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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