Orica Limited Stock Rating Reaffirmed by CIMB (ORI)
Orica Limited (ASX:ORI)‘s stock had its “add” rating restated by analysts at CIMB in a research report issued to clients and investors on Monday, Analyst Ratings Network.com reports. They currently have a $27.88 price objective on the stock.
A number of other analysts have also recently weighed in on ORI. Analysts at Morningstar upgraded shares of Orica Limited to an “accumulate” rating in a research note on Tuesday, December 3rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of A$27.88 ($25.35).
Orica Limited (ASX:ORI) opened at 24.300 on Monday. Orica Limited has a one year low of A$17.470 and a one year high of A$27.590. The stock has a 50-day moving average of A$22.54 and a 200-day moving average of A$20.6. The company has a market cap of A$8.947 billion and a price-to-earnings ratio of 14.64.
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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