Orica Limited Stock Rating Reaffirmed by CIMB (ORI)
Orica Limited (ASX:ORI)‘s stock had its “add” rating reiterated by analysts at CIMB in a research report issued to clients and investors on Sunday, American Banking & Market News reports. They currently have a $27.88 price target on the stock.
ORI has been the subject of a number of other recent research reports. Analysts at Morningstar upgraded shares of Orica Limited to an “accumulate” rating in a research note to investors on Tuesday, December 3rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of A$27.88 ($24.46).
Orica Limited (ASX:ORI) traded down 0.17% on Friday, hitting A$23.180. The stock had a trading volume of 960,252 shares. Orica Limited has a 52 week low of A$17.470 and a 52 week high of A$27.590. The stock has a 50-day moving average of A$22.78 and a 200-day moving average of A$20.63. The company has a market cap of A$8.535 billion and a P/E ratio of 14.06.
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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