Berenberg Bank Remains a Hold on Novo Nordisk (0QIU)
In a report released today, from Berenberg Bank maintained a Hold rating on Novo Nordisk (0QIU – Research Report), with a price target of DKK610.00. The company's shares closed yesterday at DKK434.40.
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According to TipRanks, Holford is a 4-star analyst with an average return of 10.8% and a 58.75% success rate. Holford covers the Healthcare sector, focusing on stocks such as Novartis, Pfizer, and Eli Lilly & Co.
Novo Nordisk has an analyst consensus of Moderate Buy, with a price target consensus of DKK663.85, implying a 52.82% upside from current levels. In a report released on May 12, Morgan Stanley also maintained a Hold rating on the stock with a DKK550.00 price target.
Based on Novo Nordisk's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of DKK78.09 billion and a net profit of DKK29.03 billion. In comparison, last year the company earned a revenue of DKK65.35 billion and had a net profit of DKK25.41 billion
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0QIU in relation to earlier this year.
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