TheScreener - Reliance Worldwide Corp. Ltd. (RWC) RELIANCE WORLDWIDE suffers a double requalification, which weighs heavily on its rating, now at Neutral.

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RELIANCE WORLDWIDE suffers a double requalification, which weighs heavily on its rating, now at Neutral.

The independent financial analyst theScreener just downgraded the general evaluation of RELIANCE WORLDWIDE (AU), active in the Building Materials & Fixtures industry. As regards its fundamental valuation, the title loses a star(s) and now shows 1 out of 4 stars. Its market behaviour is also negatively reassessed and may be considered as moderately risky. theScreener believes that this double requalification keeps the title under pressure and justifies an overall rating downgrade to Neutral. As of the analysis date January 11, 2022, the closing price was AUD 5.94 and its target price was estimated at AUD 5.33.

12/01/2022 1 EN

Underlying

Reliance Worldwide Corp. Ltd.

Reliance Worldwide Corporation is a limited liability company. Co. is principally engaged in the design, manufacture and supply of high quality, reliable and premium branded water flow and control products and solutions for the plumbing industry. Co. manufacturers brass Push-to Connect (PTC) plumbing fittings, sold under the SharkBite brand. Co. operates through the following four product segments: Fittings and Pipe, Control Valves, Thermostatic Products and Other Products. Co. has 12 manufacturing facilities across Australia, New Zealand, the United States of America and Spain.

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AU000000RWC7 Australian Securities Exchange Australia

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RELIANCE WORLDWIDE suffers a double requalification, which weighs heavily on its rating, now at Neutral.

Empowering Investors

Reliance Worldwide Corporation Limited: 1 director

Monthly LMI Update Independent Investment Research

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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