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.
UBS rates ORI as Downgrade to Sell from Neutral UBS is...
-
- There are more pages in this discussion • 38 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ORI (ASX) to my watchlist
 (20min delay)
|
|||||
|
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
| Last trade - 13.50pm 27/08/2024 (20 minute delay) ? |
| ORI (ASX) Chart |