Barclays Sticks to Its Buy Rating for Ormat Techno (ORA)

In a report released today, David Anderson from Barclays maintained a Buy rating on Ormat Techno, with a price target of $89.00. The company’s shares closed yesterday at $107.29.

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According to TipRanks, Anderson is a 2-star analyst with an average return of 0.7% and a 48.00% success rate. Anderson covers the Energy sector, focusing on stocks such as Baker Hughes Company, TechnipFMC, and Halliburton.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ormat Techno with a $100.90 average price target, a -5.96% downside from current levels. In a report released yesterday, Robert W. Baird also maintained a Buy rating on the stock with a $111.00 price target.

ORA market cap is currently $6.31B and has a P/E ratio of 48.17.

Based on the recent corporate insider activity of 51 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 ORA in relation to earlier this year. Earlier this month, DAFNA SHARIR, a Director at ORA sold 981.00 shares for a total of $94,862.70.