Société Générale recommends 'sell' on Vestas

Société Générale maintains its view that the Vestas share price is much higher than it should be. However, the wind turbine manufacturer still enjoys complete faith from Goldman Sachs.

Photo: Frank Boutrup Schmidt/Vestas

The Vestas share could be headed towards decline, according to French financial institution Société Générale, which has changed its recommendation for Vestas from "hold" to "sell", according to sources including BusinessInsider.

Société Générale maintains the target price at DKK 515 (EUR 69.25), where it has been since January. This means that the French firm sees a potential downside on the share of 14.5 percent from the current price of DKK 602.5.

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