Ørsted A/S (OTCMKTS:DNNGY) Stock Rating Cut to “Hold” at The Goldman Sachs Group

The Goldman Sachs Group lowered shares of Ørsted A/S (OTCMKTS:DNNGY) from a strong-buy rating to a hold rating in a research report released on Tuesday,Zacks reports.

Separately, Royal Bank Of Canada raised shares of Ørsted A/S to a “moderate buy” rating in a report on Tuesday, September 1st. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Ørsted A/S presently has a consensus rating of “Moderate Buy”.

Ørsted A/S Stock Down 4.8%

OTCMKTS:DNNGY opened at $6.21 on Tuesday. Ørsted A/S has a twelve month low of $5.75 and a twelve month high of $20.66. The stock’s 50-day simple moving average is $6.94 and its 200 day simple moving average is $7.65.

Ørsted A/S Company Profile

Ørsted A/S is a Denmark-based renewable energy company focused primarily on developing, constructing, owning and operating offshore wind farms. The company also develops onshore wind and solar projects, battery storage facilities and other renewable energy infrastructure. Its activities include project development, engineering, construction, operations and maintenance, and the sale of renewable power.

The company was formerly known as DONG Energy and historically operated across oil, natural gas and conventional energy activities.