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
$21.31 |
Change
-0.070(0.33%) |
Mkt cap ! $10.17B | |||
| Open | High | Low | Value | Volume |
| $21.23 | $21.39 | $21.09 | $8.113M | 381.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 45064 | $23.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.18 | 56319 | 3 |
View Market Depth
| Last trade - 15.59pm 01/08/2025 (20 minute delay) ? |
| ORI (ASX) Chart |