Orica Limited Rating Reiterated by Citigroup Inc. (ORI)
Orica Limited (ASX:ORI)‘s stock had its “neutral” rating reaffirmed by equities researchers at Citigroup Inc. in a research report issued on Wednesday, Stock Ratings Network reports.
Shares of Orica Limited (ASX:ORI) traded down 1.48% on Wednesday, hitting A$20.000. The stock had a trading volume of 12,600 shares. Orica Limited has a 52 week low of A$17.470 and a 52 week high of A$27.590. The stock’s 50-day moving average is A$19.89 and its 200-day moving average is A$23.19. The company has a market cap of A$7.335 billion and a price-to-earnings ratio of 17.68.
A number of other firms have also recently commented on ORI. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Orica Limited (ASX:ORI) in a research note to investors on Friday, August 16th. Finally, analysts at Credit Suisse downgraded shares of Orica Limited (ASX:ORI) from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Orica Limited currently has an average rating of “Buy” and a consensus target price of A$27.79 ($26.21).
Orica Limited is engaged in the manufacture and distribution of mining products and services, consumer products, and chemical products and services.
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