Equities researchers at HSBC began coverage on shares of OCI (OTCMKTS:OCINF) in a report released on Thursday, The Fly reports. The brokerage set a “buy” rating on the stock.
A number of other equities research analysts have also issued reports on the company. The Goldman Sachs Group initiated coverage on OCI in a research report on Tuesday, November 30th. They issued a “buy” rating for the company. Exane BNP Paribas upgraded OCI from an “underperform” rating to a “neutral” rating and set a €23.50 ($26.70) price target on the stock in a research note on Friday, October 8th. Finally, JPMorgan Chase & Co. upgraded OCI from a “neutral” rating to an “overweight” rating in a research report on Tuesday, December 7th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $23.50.
Shares of OCINF opened at $27.10 on Thursday. OCI has a 52 week low of $21.11 and a 52 week high of $29.10. The stock’s 50-day moving average price is $27.30 and its 200-day moving average price is $25.63.
OCI NV is a holding company, which engages production and distribution of natural gas-based fertilizers and industrial chemicals through its subsidiaries. It operates through the following segments: Methanol U.S., Methanol Europe, Nitrogen U.S., Nitrogen Europe, Fertiglobe, and Othesr. The Methanol U.S.
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