RBC Capital Keeps Their Hold Rating on Orsted (DOGEF)

RBC Capital analyst Alexander Wheeler maintained a Hold rating on Orsted today and set a price target of DKK120.00. The company’s shares closed yesterday at $17.60.

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Wheeler covers the Utilities sector, focusing on stocks such as Centrica, RWE AG, and Orsted. According to TipRanks, Wheeler has an average return of 1.7% and a 49.68% success rate on recommended stocks.

Currently, the analyst consensus on Orsted is a Hold with an average price target of $33.24, which is an 88.92% upside from current levels. In a report released yesterday, Goldman Sachs also maintained a Hold rating on the stock with a DKK106.52 price target.

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