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Berenberg Bank Sticks to Its Buy Rating for Orsted (DOGEF)

Tipranks - Fri Feb 27, 12:36AM CST

In a report released yesterday, James Carmichael from Berenberg Bank maintained a Buy rating on Orsted, with a price target of DKK180.00. The company’s shares closed yesterday at DKK155.25.

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According to TipRanks, Carmichael is an analyst with an average return of -4.0% and a 35.75% success rate. Carmichael covers the Energy sector, focusing on stocks such as Harbour Energy, GALP Energia SGPS, and Jadestone Energy Inc.

Orsted has an analyst consensus of Moderate Buy, with a price target consensus of DKK151.76, representing a -2.25% downside. In a report released on February 24, UBS also maintained a Buy rating on the stock with a DKK175.00 price target.

Based on Orsted’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of DKK19.98 billion and a GAAP net loss of DKK4.02 billion. In comparison, last year the company earned a revenue of DKK17.68 billion and had a GAAP net loss of DKK6.16 billion

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