Citi Keeps Their Sell Rating on Orsted (DOGEF)

Citi analyst Jenny Ping maintained a Sell rating on Orsted today and set a price target of DKK122.00.

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According to TipRanks, Ping is a 4-star analyst with an average return of 9.3% and a 66.04% success rate. Ping covers the Utilities sector, focusing on stocks such as Orsted, Drax Group plc, and Centrica.

Currently, the analyst consensus on Orsted is a Hold with an average price target of $20.94.

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.