Orange (EPA:ORA) has been assigned a €16.30 ($18.95) price objective by analysts at Berenberg Bank in a report released on Friday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 19.94% from the company’s current price.
Several other brokerages have also recently weighed in on ORA. Goldman Sachs Group set a €18.00 ($20.93) price target on Orange and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley set a €15.50 ($18.02) price objective on Orange and gave the stock a “neutral” rating in a research note on Monday, October 28th. Deutsche Bank set a €17.00 ($19.77) target price on Orange and gave the company a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. set a €15.50 ($18.02) target price on shares of Orange and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Finally, Jefferies Financial Group set a €16.50 ($19.19) price target on shares of Orange and gave the stock a “buy” rating in a report on Wednesday. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of €16.43 ($19.11).
Shares of ORA opened at €13.59 ($15.80) on Friday. The stock’s 50-day moving average price is €14.57 and its two-hundred day moving average price is €14.00. Orange has a 12 month low of €13.31 ($15.48) and a 12 month high of €15.80 ($18.37).
Orange SA provides a range of fixed telephony and mobile telecommunications, data transmission, and other value-added services to consumers, businesses, and other telecommunications operators in Europe, Africa, and the Middle East. The company offers mobile services, such as voice, SMS, and data; fixed broadband and narrowband services, as well as fixed network business solutions, including voice and data; and convergence packages.
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