Orica Now Covered by RBC Capital (ORI)
Analysts at RBC Capital began coverage on shares of Orica (ASX:ORI) in a research report issued to clients and investors on Wednesday. The firm set an “underperform” rating and a $18.00 price target on the stock.
A number of other analysts have also recently weighed in on ORI. Analysts at Deutsche Bank cut their EPS estimates on shares of Orica in a research note on Thursday. Separately, analysts at Morningstar reiterated a “hold” rating on shares of Orica in a research note on Wednesday, March 26th. Finally, analysts at Morningstar reiterated a “hold” rating on shares of Orica in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of A$22.94 ($21.24).
Shares of Orica (ASX:ORI) traded down 1.03% during mid-day trading on Wednesday, hitting A$19.170. 1,666,331 shares of the company’s stock traded hands. Orica has a 52 week low of A$17.470 and a 52 week high of A$24.850. The stock has a 50-day moving average of A$21.09 and a 200-day moving average of A$22.67. The company has a market cap of A$7.111 billion and a price-to-earnings ratio of 12.21.
Orica limited is a provider of commercial explosives and blasting systems to the mining and infrastructure markets.
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