Originally posted by Keithspamaway:
↑
ORI is now not only the world's largest explosives company, it is the global leader in geotechnical and structural monitoring in mining and civil infrastructure and the world's largest producer of sodium cyanide. In our view, ORI is leading the industry with its technology offering. Importantly, this area is high growth and high margin work. ORI is set to deliver solid earnings growth over coming years reflecting strong demand, recontracting benefits, further mix/margin benefits and strong growth from Digital Solutions and Specialty Mining Chemicals. ORI's management team continues to execute well and has demonstrated a track record of under promising and over delivering. ORI is trading on attractive multiples on an FY26 PE of 14.8x (5-year average is 18.1x) and EV/EBITDA of 6.7x (5-year average is 7.8x). ORI is therefore included on Morgans Best Ideas list.
Expand
Retained at buy at Citi; Price Target: $20.65 from $18.90
Retained at buy at Jefferies; Price Target: $21.33 from $20.00
Retained at outperform at Macquarie; Price Target: $21.48 from $20.91
Retained at overweight at Morgan Stanley; Price Target: $23.00 from $22.50
Retained at add at Morgans; Price Target: $21.70 from $20.10
Retained at outperform at RBC Capital Markets; Price Target: $23.00 from $21.25
Retained at buy at UBS; Price Target: $22.00
(20min delay)