Orkla ASA (OTCMKTS:ORKLY) Raised to “Buy” at Danske


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Orkla ASA (OTCMKTS:ORKLY) was upgraded by stock analysts at Danske from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, The Fly reports.

Other analysts also recently issued reports about the company. UBS Group reissued a “sell” rating on shares of Orkla ASA in a report on Tuesday, October 6th. DNB Markets raised Orkla ASA from a “hold” rating to a “buy” rating in a research note on Friday, October 30th. Morgan Stanley assumed coverage on Orkla ASA in a research note on Tuesday, December 15th. They set an “equal weight” rating for the company. Finally, Sanford C. Bernstein assumed coverage on Orkla ASA in a research note on Monday, October 12th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold”.

Orkla ASA stock opened at $10.08 on Tuesday. Orkla ASA has a fifty-two week low of $7.01 and a fifty-two week high of $10.43. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.77 and a current ratio of 1.37. The company has a market capitalization of $10.08 billion, a P/E ratio of 23.44 and a beta of 0.37. The stock has a 50-day simple moving average of $9.84 and a 200-day simple moving average of $9.74.

Orkla ASA (OTCMKTS:ORKLY) last posted its earnings results on Wednesday, October 28th. The company reported $0.16 earnings per share for the quarter. Orkla ASA had a return on equity of 12.81% and a net margin of 8.96%. The business had revenue of $1.30 billion during the quarter.

Orkla ASA Company Profile

Orkla ASA engages in branded consumer goods, and consumer and financial investment businesses. The company offers branded products, including pizza, ketchup, soups, sauces, bread toppings, and ready-to-eat meals through grocery retail trade, as well as the out-of-home, convenience store, and petrol station sectors.

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Analyst Recommendations for Orkla ASA (OTCMKTS:ORKLY)

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