Australia's Orora falls as Jefferies trims PT, earnings view

Orora

05/06/2026 02:00

Updates with shares
** Shares of Orora ORA.AX down as much as 1.2% at A$1.24
** Jefferies cut price target for the glass bottles maker to A$1.34/share from A$1.69
** ORA remains in a tough position with persistent cyclical pressures and structural uncertainty impacting outlook for Saverglass, Jefferies says
** Jefferies expects FY27 revenue to fall 4% year-on-year for Saverglass, ORA's French unit
** Brokerage sits 24% below the street at EBIT for Saverglass in FY27, which is 50% lower than pre-acq EBIT on a constant currency basis
** Jefferies revises EBIT estimate for ORA lower by 10% and 16% in FY27 and FY28, respectively, reflecting persistently weak Saverglass condition
** In early April, ORA trimmed its annual earnings forecast for Saverglass and paused its buyback programme, citing impact from Iran war 
** Two of 12 analysts rate the stock "buy", nine "hold" and one "sell"; their median PT is A$1.75, according to LSEG-compiled data
** YTD stock down 43.6%, as of last close


 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))