30-06-2025
UBS Keeps Their Sell Rating on Reece Limited (REECF)
In a report released today, Lee Power from UBS maintained a Sell rating on Reece Limited (REECF – Research Report), with a price target of A$13.50. The company's shares closed last Friday at $10.29.
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According to TipRanks, Power is a 4-star analyst with an average return of 13.1% and a 66.04% success rate.
The word on The Street in general, suggests a Hold analyst consensus rating for Reece Limited with a $11.69 average price target.
Based on Reece Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.4 billion and a net profit of $180.88 million. In comparison, last year the company earned a revenue of $4.54 billion and had a net profit of $223.63 million
