Morgans Sticks to Their Hold Rating for Reliance Worldwide Corp. (RLLWF)
Morgans analyst Alexander Lu maintained a Hold rating on Reliance Worldwide Corp. (RLLWF – Research Report) today and set a price target of A$4.00. The company's shares closed last Monday at $2.65.
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Lu covers the Industrials sector, focusing on stocks such as Reliance Worldwide Corp., Brambles , and Reece Limited. According to TipRanks, Lu has an average return of 6.7% and a 44.16% success rate on recommended stocks.
Reliance Worldwide Corp. has an analyst consensus of Moderate Buy, with a price target consensus of $3.43, which is a 29.43% upside from current levels. In a report released yesterday, UBS also maintained a Hold rating on the stock with a A$4.50 price target.
The company has a one-year high of $4.14 and a one-year low of $2.21. Currently, Reliance Worldwide Corp. has an average volume of 1,362.
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