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Vestas Wind Systems (0NMK) Receives a Buy from Citi

Tipranks - Tipranks - Sat Feb 7, 12:50AM CST

Citi analyst Martin Wilkie maintained a Buy rating on Vestas Wind Systems today and set a price target of DKK240.00.

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Wilkie covers the Industrials sector, focusing on stocks such as Smiths Group plc, KION GROUP AG, and Signify NV. According to TipRanks, Wilkie has an average return of 23.6% and a 72.09% success rate on recommended stocks.

In a report released yesterday, Jefferies also maintained a Buy rating on the stock with a DKK200.00 price target.

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Based on Vestas Wind Systems’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of DKK5.34 billion and a net profit of DKK302 million. In comparison, last year the company earned a revenue of DKK5.18 billion and had a net profit of DKK127 million

Based on the recent corporate insider activity of 7 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 0NMK in relation to earlier this year.

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