Australia's Reliance Worldwide falls to 6-month low on FY25 revenue growth outlook
18/02/2025 24:58
** Shares of Reliance Worldwide RWC.AX fall 8.2% to
A$4.930, their lowest levels since August 19, 2024
** The plumbing solutions provider has provided FY revenue
growth outlook of mid-single-digit percentage points, lower than
consensus estimate of 10% growth
** About 2.5 million shares change hands, vs the 30-day
average of 1.4 million shares
** Twelve of 15 analysts rate the stock "buy" or higher, two
"hold" and one "sell"; their median PT is A$5.85 – according to
data compiled by LSEG
** Stock rose 13.3% in 2024
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com;))
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