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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Last
$19.18 |
Change
0.115(0.60%) |
Mkt cap ! $9.256B | |||
| Open | High | Low | Value | Volume |
| $19.07 | $19.28 | $19.03 | $5.664M | 295.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 2313 | $19.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.18 | 3068 | 29 |
View Market Depth
| Last trade - 14.28pm 17/06/2025 (20 minute delay) ? |
| ORI (ASX) Chart |