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 is...
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Last
$17.96 |
Change
-0.090(0.50%) |
Mkt cap ! $8.746B |
Open | High | Low | Value | Volume |
$17.98 | $18.09 | $17.90 | $4.342M | 241.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 1575 | $17.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.97 | 976 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 1586 | 17.950 |
19 | 1901 | 17.940 |
13 | 2022 | 17.930 |
6 | 919 | 17.920 |
8 | 2163 | 17.910 |
Price($) | Vol. | No. |
---|---|---|
17.960 | 5 | 5 |
17.970 | 1166 | 12 |
17.980 | 1691 | 11 |
17.990 | 1925 | 9 |
18.000 | 1995 | 7 |
Last trade - 13.50pm 27/08/2024 (20 minute delay) ? |
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