Berenberg Bank Reiterates “€16.30” Price Target for Orange (EPA:ORA)

Orange (EPA:ORA) has been given a €16.30 ($18.95) target price by equities researchers at Berenberg Bank in a research report issued on Friday, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 19.76% from the company’s previous close.

ORA has been the subject of several other research reports. Barclays set a €16.00 ($18.60) price target on shares of Orange and gave the stock a “neutral” rating in a research report on Wednesday. JPMorgan Chase & Co. set a €15.50 ($18.02) price target on shares of Orange and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Goldman Sachs Group set a €18.00 ($20.93) price target on shares of Orange and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley set a €15.50 ($18.02) price target on shares of Orange and gave the stock a “neutral” rating in a research report on Monday, October 28th. Finally, Deutsche Bank set a €17.00 ($19.77) price target on shares of Orange and gave the stock a “buy” rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Orange currently has a consensus rating of “Buy” and an average target price of €16.43 ($19.11).

EPA:ORA traded up €0.05 ($0.06) during mid-day trading on Friday, hitting €13.61 ($15.83). The company’s stock had a trading volume of 2,893,664 shares, compared to its average volume of 7,300,000. Orange has a fifty-two week low of €13.31 ($15.48) and a fifty-two week high of €15.80 ($18.37). The stock has a fifty day moving average of €14.60 and a 200-day moving average of €14.00.

Orange Company Profile

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.

Recommended Story: What is a Real Estate Investment Trust (REIT)?

Analyst Recommendations for Orange (EPA:ORA)

Receive News & Ratings for Orange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orange and related companies with MarketBeat.com's FREE daily email newsletter.