Berenberg Bank Keeps Their Hold Rating on Equinor ASA (EQNR)
Berenberg Bank analyst maintained a Hold rating on Equinor ASA on January 23 and set a price target of $22.50. The company’s shares closed last Friday at $25.61.
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The word on The Street in general, suggests a Hold analyst consensus rating for Equinor ASA with a $23.70 average price target, implying a -7.46% downside from current levels. In a report released on January 14, TD Cowen also maintained a Hold rating on the stock with a $22.00 price target.
Based on Equinor ASA’s latest earnings release for the quarter ending September 29, the company reported a quarterly revenue of $26.02 billion and a GAAP net loss of $210 million. In comparison, last year the company earned a revenue of $25.42 billion and had a net profit of $2.28 billion
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