BUZZ-Australia's Reliance Worldwide falls to 6-month low on FY25 revenue growth outlook

Reuters

02-18

BUZZ-Australia's Reliance Worldwide falls to 6-month low on FY25 revenue growth outlook

** 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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