J.P. Morgan Sticks to Its Hold Rating for Novo Nordisk (0QIU)
J.P. Morgan analyst Richard Vosser maintained a Hold rating on Novo Nordisk today and set a price target of DKK250.00.
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According to TipRanks, Vosser is a 3-star analyst with an average return of 1.5% and a 48.13% success rate.
In a report released today, Jefferies also maintained a Hold rating on the stock with a DKK270.00 price target.
Based on Novo Nordisk’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of DKK79.14 billion and a net profit of DKK26.89 billion. In comparison, last year the company earned a revenue of DKK85.68 billion and had a net profit of DKK28.23 billion
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0QIU in relation to earlier this year.
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