Ørsted A/S (OTCMKTS:DNNGY) Coverage Initiated by Analysts at DNB Markets

DNB Markets initiated coverage on shares of Ørsted A/S (OTCMKTS:DNNGY – Get Rating) in a research report released on Tuesday morning, The Fly reports. The brokerage issued a sell rating on the stock.

Several other brokerages have also recently commented on DNNGY. Berenberg Bank reduced their price objective on shares of Ørsted A/S from 1,000.00 to 800.00 and set a buy rating for the company in a research note on Monday, December 5th. The Goldman Sachs Group upgraded shares of Ørsted A/S from a neutral rating to a buy rating in a report on Monday, February 6th. Finally, Jefferies Financial Group raised shares of Ørsted A/S from a hold rating to a buy rating in a research report on Monday, February 20th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $711.75.

Ørsted A/S Price Performance

DNNGY opened at $28.96 on Tuesday. The company’s 50-day moving average is $30.18 and its 200 day moving average is $29.65. Ørsted A/S has a fifty-two week low of $24.89 and a fifty-two week high of $43.12.

Ørsted A/S Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 24th. Stockholders of record on Thursday, March 9th will be paid a dividend of $0.4291 per share. This is a positive change from Ørsted A/S’s previous dividend of $0.41. The ex-dividend date is Wednesday, March 8th. This represents a dividend yield of 2.66%.

Ørsted A/S Company Profile

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Ørsted A/S, together with its subsidiaries, develops, constructs, owns, and operates offshore and onshore wind farms, solar farms, energy storage facilities, and bioenergy plants. It operates through Offshore, Onshore, and Markets & Bioenergy segments. The Offshore segment develops, constructs, owns, and operates offshore wind farms in the United Kingdom, Germany, Denmark, the Netherlands, the United States, Taiwan, Japan, and South Korea.