Orica Limited Given “Neutral” Rating at Citigroup Inc. (ORI)
Orica Limited (ASX:ORI)‘s stock had its “neutral” rating reaffirmed by Citigroup Inc. in a research note issued on Friday, Analyst Ratings Network reports.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Orica Limited in a research note to investors on Friday, August 16th. Finally, analysts at Credit Suisse downgraded shares of Orica Limited from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Orica Limited has a consensus rating of “Buy” and an average price target of A$27.79 ($26.21).
Shares of Orica Limited (ASX:ORI) traded up 1.73% during mid-day trading on Friday, hitting A$20.050. 1,551,052 shares of the company’s stock traded hands. 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$7.354 billion and a price-to-earnings ratio of 17.17.
Orica Limited is engaged in the manufacture and distribution of mining products and services, consumer products, and chemical products and services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.