Brokerages Set Aker Solutions ASA (OTCMKTS:AKRTF) Target Price at $40.00

Aker Solutions ASA (OTCMKTS:AKRTFGet Rating) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $40.00.

A number of equities analysts have issued reports on AKRTF shares. DNB Markets upgraded Aker Solutions ASA from a “hold” rating to a “buy” rating in a research note on Friday, March 17th. Royal Bank of Canada started coverage on Aker Solutions ASA in a research note on Wednesday. They set an “outperform” rating for the company.

Aker Solutions ASA Stock Performance

AKRTF stock opened at $3.59 on Wednesday. Aker Solutions ASA has a 52-week low of $3.59 and a 52-week high of $4.08. The business has a 50-day simple moving average of $3.59 and a two-hundred day simple moving average of $3.70.

About Aker Solutions ASA

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Aker Solutions ASA provides solutions, products, systems, and services to the oil and gas industry worldwide. It offers field planning, feasibility, and concept studies; specialist engineering, project management, and procurement services; floater designs, offshore wind, as well as engages in design, delivery, and construction of deepwater risers, oil, and gas production, and receiving and processing facilities.

Further Reading

Analyst Recommendations for Aker Solutions ASA (OTCMKTS:AKRTF)

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