Redox Limited (RDX) Gets a Buy from UBS
In a report released today, Timothy Piper from UBS maintained a Buy rating on Redox Limited (RDX – Research Report), with a price target of A$3.25. The company's shares closed today at A$2.15.
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According to TipRanks, Piper is an analyst with an average return of -1.2% and a 39.76% success rate. Piper covers the Consumer Cyclical sector, focusing on stocks such as Eagers Automotive Limited, ARB Corporation , and G.U.D. Holdings.
Redox Limited has an analyst consensus of Moderate Buy, with a price target consensus of A$2.68, implying a 24.65% upside from current levels. In a report released on June 11, Ord Minnett also upgraded the stock to a Buy with a A$2.68 price target.
Based on Redox Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$631.85 million and a net profit of A$40.21 million. In comparison, last year the company earned a revenue of A$581.9 million and had a net profit of A$39.57 million
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