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RBC Capital Sticks to Its Sell Rating for Equinor ASA (0M2Z)

Tipranks - Tipranks - Sat Feb 7, 1:54AM CST

In a report released yesterday, Biraj Borkhataria from RBC Capital maintained a Sell rating on Equinor ASA, with a price target of NOK260.00. The company’s shares closed yesterday at NOK257.50.

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Borkhataria covers the Energy sector, focusing on stocks such as BP p.l.c., TotalEnergies SE, and Exxon Mobil. According to TipRanks, Borkhataria has an average return of 3.4% and a 57.10% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Equinor ASA with a NOK231.27 average price target, implying a -10.19% downside from current levels. In a report released yesterday, UBS also maintained a Sell rating on the stock with a NOK215.00 price target.

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0M2Z market cap is currently NOK641.8B and has a P/E ratio of 12.54.

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