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Orica Limited ( (AU:ORI) ) has provided an announcement.
Orica Limited has announced an update regarding its ongoing on-market buy-back of ordinary fully paid securities. As of the latest update, the company has repurchased a total of 16,244,980 securities, with 833,603 bought back on the previous day. This buy-back strategy is part of Orica’s efforts to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:ORI) stock is a Buy with a A$23.00 price target. To see the full list of analyst forecasts on Orica Limited stock, see the AU:ORI Stock Forecast page.
More about Orica Limited
Orica Limited is a company operating in the chemicals industry, primarily focusing on the production and supply of commercial explosives and blasting systems to the mining, quarrying, oil and gas, and construction markets.
YTD Price Performance: 29.12%
Average Trading Volume: 1,483,090
Technical Sentiment Signal: Buy
Current Market Cap: A$10B
For a thorough assessment of ORI stock, go to TipRanks’ Stock Analysis page.