UBS rates ORI as Downgrade to Sell from Neutral
UBS is incorporating increasing headwinds for the Australasian explosives business into forecasts. This results in an earnings per share cut of 4-5% in FY14-16. On current multiples UBS believes the stock looks expensive relative to its cyclical industrial peers.
As near-term risk/reward is skewed to the downside, given the leverage to global coal markets, the broker reduces the rating to Sell from Neutral. Target is lowered to $19.50 from $21.67.
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- UBS rates ORI as Downgrade to Sell from Neutral
UBS rates ORI as Downgrade to Sell from Neutral
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Last
$18.00 |
Change
-0.055(0.30%) |
Mkt cap ! $8.746B |
Open | High | Low | Value | Volume |
$17.98 | $18.09 | $17.90 | $4.712M | 262.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
36 | 1815 | $17.99 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$18.00 | 818 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
27 | 1840 | 17.990 |
22 | 2657 | 17.980 |
13 | 1689 | 17.970 |
4 | 1352 | 17.960 |
5 | 2210 | 17.950 |
Price($) | Vol. | No. |
---|---|---|
18.000 | 841 | 8 |
18.010 | 2142 | 11 |
18.020 | 988 | 10 |
18.030 | 1064 | 6 |
18.040 | 2387 | 7 |
Last trade - 14.24pm 27/08/2024 (20 minute delay) ? |
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