Ørsted A/S (OTCMKTS:DNNGY) Downgraded by Bank of America

Bank of America cut shares of Ørsted A/S (OTCMKTS:DNNGY) from a buy rating to a neutral rating in a research note issued to investors on Thursday morning, Marketbeat.com reports.

Several other analysts have also recently commented on the company. Nordea Equity Research cut Ørsted A/S from a buy rating to a hold rating in a report on Thursday. Credit Suisse Group raised shares of Ørsted A/S from an underperform rating to a neutral rating in a research note on Thursday, July 13th. DNB Markets upgraded shares of Ørsted A/S from a sell rating to a hold rating in a report on Thursday. Stifel Nicolaus assumed coverage on Ørsted A/S in a report on Tuesday, July 11th. They set a hold rating for the company. Finally, BNP Paribas downgraded Ørsted A/S from an outperform rating to a neutral rating in a research note on Wednesday, August 30th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $716.67.

Ørsted A/S Price Performance

DNNGY opened at $21.47 on Thursday. The company’s 50 day moving average price is $28.58 and its two-hundred day moving average price is $29.21. Ørsted A/S has a fifty-two week low of $20.44 and a fifty-two week high of $34.19.

About Ørsted A/S

Ørsted A/S, together with its subsidiaries, develops, constructs, owns, and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants. It operates through Offshore, Onshore, and Bioenergy & Other segments.