Wells Fargo & Co Downgrades DHT (DHT) to Market Perform

DHT (NYSE:DHT) was downgraded by stock analysts at Wells Fargo & Co from an “outperform” rating to a “market perform” rating in a research note issued on Thursday, Marketbeat reports.

Several other brokerages have also recently commented on DHT. TheStreet raised DHT from a “d+” rating to a “c” rating in a research report on Thursday, November 1st. Morgan Stanley raised their price objective on DHT from $5.50 to $6.00 and gave the company a “buy” rating in a research report on Monday, November 5th. Zacks Investment Research raised DHT from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research report on Wednesday, November 7th. ValuEngine raised DHT from a “hold” rating to a “buy” rating in a research report on Saturday, October 6th. Finally, DNB Markets cut DHT from a “buy” rating to a “hold” rating in a research report on Friday, November 30th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. DHT has an average rating of “Buy” and a consensus target price of $6.08.

Shares of NYSE DHT opened at $4.28 on Thursday. DHT has a 52 week low of $3.27 and a 52 week high of $5.60. The company has a quick ratio of 1.47, a current ratio of 1.78 and a debt-to-equity ratio of 1.01. The company has a market cap of $636.03 million, a P/E ratio of 32.92 and a beta of 0.32.

DHT (NYSE:DHT) last issued its quarterly earnings results on Thursday, November 1st. The sh....

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