Goldman Sachs analyst Niraj Shah maintained a Buy rating on Orora Ltd. (ORRAF – Research Report) on January 18 and set a price target of A$3.50. The company’s shares closed last Wednesday at $1.59.
According to TipRanks, Shah is a 3-star analyst with an average return of 3.0% and a 55.56% success rate. Shah covers the Industrials sector, focusing on stocks such as Brambles Limited, ALS Ltd., and CSR Limited.
Orora Ltd. has an analyst consensus of Strong Buy, with a price target consensus of $2.12, representing a 33.33% upside. In a report released on January 15, Citi also maintained a Buy rating on the stock with a A$3.28 price target.
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ORRAF market cap is currently $2.29B and has a P/E ratio of 12.63.
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ORRAF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Orora Ltd. (ORRAF) Company Description:
Orora Ltd. engages in the manufacturing and distribution fiber, glass and aluminum beverage cans. It operates through the following segments: Orora Australasia, Orora North America and Other. The Orora Australasia segment focuses on the manufacture of fiber and beverage packaging products within Australia and New Zealand. Its products include glass bottles, beverage cans, wines closures, corrugated boxes, cartons and sacks, and the manufacture of recycled paper. The Orora North America segment activities include purchasing, warehousing, selling and delivering a range of packaging and other related materials. Its activities also include integrated corrugated sheet and box manufacturing and equipment sales capabilities and the point of purchase retail display solutions, and other visual communication services. The Other segment involves in the corporate functions of the group. The company was founded in 1949 and is headquartered in Melbourne, Australia.
