Latest news with #ReeceLimited
Business Insider
3 days ago
- Business
- Business Insider
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. Don't Miss TipRanks' Half Year Sale Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. 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
Business Insider
3 days ago
- Business
- Business Insider
Ord Minnett upgrades Reece Limited (REECF) to a Buy
Ord Minnett analyst James Casey upgraded Reece Limited (REECF – Research Report) to a Buy today and set a price target of A$18.40. The company's shares closed last Friday at $10.29. Don't Miss TipRanks' Half Year Sale Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Casey covers the Consumer Cyclical sector, focusing on stocks such as ARB Corporation , Breville Group , and Adairs Ltd.. According to TipRanks, Casey has an average return of -1.9% and a 43.06% success rate on recommended stocks. In addition to Ord Minnett, Reece Limited also received a Buy from Bank of America Securities's Shaurya Visen in a report issued on June 27. However, today, UBS maintained a Sell rating on Reece Limited (Other OTC: REECF). The company has a one-year high of $19.50 and a one-year low of $10.29. Currently, Reece Limited has an average volume of 3,542.
Business Insider
3 days ago
- Business
- Business Insider
Morgans downgrades Reece Limited (REECF) to a Hold
Morgans analyst Alexander Lu downgraded Reece Limited (REECF – Research Report) to a Hold today and set a price target of A$14.80. The company's shares closed last Friday at $10.29. Don't Miss TipRanks' Half Year Sale Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Lu is a 3-star analyst with an average return of 4.9% and a 40.48% success rate. Lu covers the Industrials sector, focusing on stocks such as Reliance Worldwide Corp., Brambles , and Reece Limited. Currently, the analyst consensus on Reece Limited is a Hold with an average price target of $11.69, implying a 13.61% upside from current levels. In a report released on June 27, Macquarie also maintained a Hold rating on the stock with a A$14.50 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
Business Insider
4 days ago
- Business
- Business Insider
Bank of America Securities Keeps Their Buy Rating on Reece Limited (REECF)
In a report released yesterday, Shaurya Visen from Bank of America Securities maintained a Buy rating on Reece Limited (REECF – Research Report), with a price target of A$19.90. The company's shares closed last Friday at $10.29. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Visen is ranked #2348 out of 9622 analysts. In addition to Bank of America Securities, Reece Limited also received a Buy from Ord Minnett's James Casey in a report issued on June 25. However, yesterday, Macquarie maintained a Hold rating on Reece Limited (Other OTC: REECF).
Business Insider
4 days ago
- Business
- Business Insider
Macquarie Sticks to Its Hold Rating for Reece Limited (REECF)
Macquarie analyst Peter Steyn maintained a Hold rating on Reece Limited (REECF – Research Report) yesterday and set a price target of A$14.50. The company's shares closed last Friday at $10.29. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Steyn is ranked #4377 out of 9622 analysts. Reece Limited has an analyst consensus of Hold, with a price target consensus of $11.67. The company has a one-year high of $19.50 and a one-year low of $10.29. Currently, Reece Limited has an average volume of 3,542.
