DBS Sticks to Their Hold Rating for Orsted (DOGEF)
DBS analyst Elizabelle Pang maintained a Hold rating on Orsted today and set a price target of DKK130.00.
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According to TipRanks, Pang is a 3-star analyst with an average return of 3.8% and a 61.22% success rate. Pang covers the Consumer Cyclical sector, focusing on stocks such as Hesai Group Sponsored ADR, Tesla, and Toyota Motor.
In addition to DBS, Orsted also received a Hold from Goldman Sachs’s Alberto Gandolfi in a report issued on November 10. However, on November 14, HSBC upgraded Orsted (Other OTC: DOGEF) to a Buy.
Based on Orsted’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of DKK15.05 billion and a net profit of DKK3.1 billion. In comparison, last year the company earned a revenue of DKK12.44 billion and had a GAAP net loss of DKK1.72 billion
Based on the recent corporate insider activity of 10 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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