RBC Capital Sticks to Their Hold Rating for Orsted (DOGEF)

In a report released today, Alexander Wheeler from RBC Capital maintained a Hold rating on Orsted, with a price target of DKK320.00. The company’s shares closed yesterday at $31.63.

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According to TipRanks, Wheeler is a 2-star analyst with an average return of 1.3% and a 47.44% success rate. Wheeler covers the Utilities sector, focusing on stocks such as Centrica, RWE AG, and Drax Group plc.

In addition to RBC Capital, Orsted also received a Hold from Jefferies’s Ahmed Farman in a report issued today. However, on September 3, Citi assigned a Sell rating to Orsted (Other OTC: DOGEF).

Based on Orsted’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $15.05 billion and a net profit of $3.1 billion. In comparison, last year the company earned a revenue of $12.44 billion and had a GAAP net loss of $1.72 billion