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Kepler Capital Sticks to Its Hold Rating for Aker Solutions ASA (0QXP)

Kepler Capital analyst Oscar Rønnov maintained a Hold rating on Aker Solutions ASA (0QXPResearch Report) on October 31 and set a price target of NOK50.00. The company’s shares closed last Thursday at NOK52.34.

According to TipRanks, Rønnov is ranked #5975 out of 9125 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Aker Solutions ASA with a NOK52.75 average price target.

Based on Aker Solutions ASA’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of NOK27.5 billion and a net profit of NOK0. In comparison, last year the company earned a revenue of NOK29.4 billion and had a net profit of NOK0

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Aker Solutions ASA (0QXP) Company Description:

Aker Solutions ASA provides products, systems and services to the oil and gas industry. Offerings range from subsea to surface and concept to decommissioning. Operations are divided between the subsea and field design segments. The company delivers single equipment or complete systems for all phases of a subsea field’s life, including engineering, procurement, construction, installation, and commissioning. The field design business delivers services that include front end engineering design, detail engineering, procurement services, and construction management assistance. The company generates nearly half of its revenue from oil and gas participants in Norway with the rest split globally.

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