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Orsted (DOGEF) Receives a Hold from Jefferies

Tipranks - Tipranks - Thu Feb 19, 6:44AM CST

Jefferies analyst Ahmed Farman maintained a Hold rating on Orsted today and set a price target of DKK155.00.

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Farman covers the Utilities sector, focusing on stocks such as RWE AG, Orsted, and National Grid. According to TipRanks, Farman has an average return of 13.1% and a 77.00% success rate on recommended stocks.

In addition to Jefferies, Orsted also received a Hold from Kepler Capital ‘s Ingo Becker in a report issued on February 10. However, on February 16, Kepler Capital upgraded Orsted (Other OTC: DOGEF) to a Buy.

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Based on Orsted’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of DKK19.98 billion and a GAAP net loss of DKK4.02 billion. In comparison, last year the company earned a revenue of DKK17.68 billion and had a GAAP net loss of DKK6.16 billion

Based on the recent corporate insider activity of 9 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 DOGEF in relation to earlier this year.

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