Orsted (DOGEF) Receives a Hold from Jefferies
In a report released today, Ahmed Farman from Jefferies maintained a Hold rating on Orsted, with a price target of DKK130.00.
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Farman covers the Utilities sector, focusing on stocks such as E.ON SE, Iberdrola, and RWE AG. According to TipRanks, Farman has an average return of 10.7% and a 76.65% success rate on recommended stocks.
In addition to Jefferies, Orsted also received a Hold from Morgan Stanley’s Robert Pulleyn in a report issued on December 12. However, on December 15, Citi maintained a Sell rating on Orsted (Other OTC: DOGEF).
Based on Orsted’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of DKK10.18 billion and a GAAP net loss of DKK1.79 billion. In comparison, last year the company earned a revenue of DKK13.16 billion and had a net profit of DKK5.11 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.
Read More on DOGEF:
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- Ørsted’s Revolution Wind and Sunrise Wind Ordered to Halt Offshore Work for 90 Days
- Orsted’s Uncertain Asset Sale and Financial Strategy: A Hold Rating Amid Mixed Signals
- Orsted reinstated with a Neutral at JPMorgan
- Orsted price target raised to DKK 122 from DKK 105.60 at Citi
- Ørsted and ESB Secure Rights for Tonn Nua Offshore Wind Development
