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Morgan Stanley Remains a Hold on Woodside Energy Group (WDS)

Morgan Stanley Remains a Hold on Woodside Energy Group (WDS)

Morgan Stanley analyst Robert Koh maintained a Hold rating on Woodside Energy Group today and set a price target of A$26.00. The company's shares opened today at A$23.98.
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According to TipRanks, Koh is a 3-star analyst with an average return of 2.3% and a 52.86% success rate. Koh covers the Energy sector, focusing on stocks such as Ampol Limited, Origin Energy Limited, and Viva Energy Group Ltd..
In addition to Morgan Stanley, Woodside Energy Group also received a Hold from UBS's Tom Allen in a report issued on July 3. However, on June 24, CLSA maintained a Buy rating on Woodside Energy Group (ASX: WDS).
WDS market cap is currently A$45.63B and has a P/E ratio of 8.42.
Based on the recent corporate insider activity of 16 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 WDS in relation to earlier this year.
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