Shares of OCI (OTCMKTS:OCINF – Get Rating) have earned a consensus recommendation of “Buy” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $36.75.
Several brokerages have weighed in on OCINF. Berenberg Bank boosted their price objective on OCI from €33.00 ($34.74) to €40.00 ($42.11) in a report on Wednesday, March 23rd. JPMorgan Chase & Co. boosted their price target on shares of OCI from €30.00 ($31.58) to €45.00 ($47.37) in a research note on Friday, April 8th. Credit Suisse Group increased their price objective on shares of OCI from €31.00 ($32.63) to €38.50 ($40.53) in a report on Friday, April 8th. Finally, HSBC started coverage on shares of OCI in a report on Thursday, January 13th. They set a “buy” rating for the company.
Shares of OTCMKTS OCINF remained flat at $$40.85 during midday trading on Tuesday. OCI has a twelve month low of $21.90 and a twelve month high of $40.85. The business has a 50-day simple moving average of $33.48 and a 200-day simple moving average of $29.30.
OCI N.V. produces and distributes natural gas-based products and industrial chemicals to agricultural, transportation, and industrial customers. It operates through Methanol US, Methanol Europe, Nitrogen US, Nitrogen Europe, and Fertiglobe segments. The company offers anhydrous ammonia, granular urea, urea ammonium nitrate solution, calcium ammonium nitrate, ammonium sulphate, nitrogen argon, aqueous ammonia, nitric acid, urea solution, bio-methanol, methanol, melamine, and diesel exhaust fluid, as well as and other nitrogen products.
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