Analysts have been eager to weigh in on the Materials sector with new ratings on Iluka Resources Limited (ILKAF – Research Report), Rio Tinto Limited (RTNTF – Research Report) and Orica Limited (OCLDF – Research Report).
Iluka Resources Limited (ILKAF)
In a report released today, Paul McTaggart from Citi maintained a Hold rating on Iluka Resources Limited, with a price target of A$7.60. The company’s shares closed last Wednesday at $4.89, close to its 52-week low of $4.25.
According to TipRanks.com, McTaggart is a 5-star analyst with an average return of
Currently, the analyst consensus on Iluka Resources Limited is a Moderate Buy with an average price target of $5.33, which is an 9.0% upside from current levels. In a report released yesterday, Canaccord Genuity also maintained a Hold rating on the stock with a A$7.50 price target.
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Rio Tinto Limited (RTNTF)
UBS analyst Lachlan Shaw maintained a Hold rating on Rio Tinto Limited today and set a price target of A$125.00. The company’s shares closed last Tuesday at $85.05.
According to TipRanks.com, Shaw is a 3-star analyst with an average return of
Rio Tinto Limited has an analyst consensus of Moderate Buy, with a price target consensus of $97.54, which is a 14.7% upside from current levels. In a report issued on February 12, RBC Capital also maintained a Hold rating on the stock with a A$137.00 price target.
Orica Limited (OCLDF)
Macquarie analyst John Purtell maintained a Buy rating on Orica Limited today and set a price target of A$18.82. The company’s shares closed last Wednesday at $10.15.
Purtell has an average return of
According to TipRanks.com, Purtell is ranked #3750 out of 8726 analysts.
Currently, the analyst consensus on Orica Limited is a Strong Buy with an average price target of $12.40, representing a 22.2% upside. In a report issued on February 16, Morgan Stanley also maintained a Buy rating on the stock with a A$19.50 price target.
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