Origin Energy Limited Receives Outperform Rating from Macquarie (ORG)
Origin Energy Limited (ASX:ORG)‘s stock had its “outperform” rating reaffirmed by research analysts at Macquarie in a report released on Friday, AmericanBankingNews.com reports.
Origin Energy Limited (ASX:ORG) traded down 0.36% during mid-day trading on Friday, hitting A$14.010. 889,631 shares of the company’s stock traded hands. Origin Energy Limited has a 52 week low of A$11.000 and a 52 week high of A$14.900. The stock has a 50-day moving average of A$13.86 and a 200-day moving average of A$13.47. The company has a market cap of A$15.382 billion and a price-to-earnings ratio of 40.87.
ORG has been the subject of a number of other recent research reports. Analysts at Credit Agricole reiterated a “buy” rating on shares of Origin Energy Limited in a research note to investors on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of A$13.41 ($11.87).
Origin Energy Limited (ASX:ORG) is engaged in the operation of energy businesses, including the exploration and production of oil and gas; electricity generation; wholesale and retail sale of electricity and gas, and renewable energy development opportunities in Australia and overseas.
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