Ørsted A/S (OTCMKTS:DNNGY) Stock Rating Lowered by The Goldman Sachs Group

Ørsted A/S (OTCMKTS:DNNGY) was downgraded by equities research analysts at The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday, Zacks reports.

Separately, Royal Bank Of Canada upgraded shares of Ørsted A/S to a “moderate buy” rating in a research report on Tuesday, September 1st. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Ørsted A/S Stock Down 4.8%

Shares of Ørsted A/S stock opened at $6.21 on Tuesday. The company has a 50 day moving average of $6.94 and a 200-day moving average of $7.65. Ørsted A/S has a 1-year low of $5.75 and a 1-year high of $20.66.

About Ørsted A/S

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.