Analysts have been eager to weigh in on the Conglomerates sector with new ratings on Siemens AG (SIEGY), BW Offshore (BGSWF) and Deutsche Lufthansa AG (DLAKY).
Siemens AG (SIEGY)
In a report issued on September 21, Marcus Almerud from Kepler Capital maintained a Buy rating on Siemens AG, with a price target of EUR120.00. The company’s shares closed last Thursday at $66.30, close to its 52-week high of $71.17.
According to TipRanks.com, Almerud is a 2-star analyst with an average return of 1.0% and a 50.0% success rate. Almerud covers the Industrial Goods sector, focusing on stocks such as Sulzer AG, Cargotec, and Nordex.
Currently, the analyst consensus on Siemens AG is a Strong Buy with an average price target of $150.61, implying a 130.0% upside from current levels. In a report released yesterday, UBS also maintained a Buy rating on the stock with a EUR134.00 price target.
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BW Offshore (BGSWF)
Kepler Capital analyst Kevin Roger maintained a Buy rating on BW Offshore on September 21 and set a price target of NOK62.00. The company’s shares closed last Thursday at $3.55.
According to TipRanks.com, Roger is a 1-star analyst with an average return of -1.2% and a 35.2% success rate. Roger covers the Industrial Goods sector, focusing on stocks such as Shelf Drilling, Borr Drilling, and Kvaerner ASA.
BW Offshore has an analyst consensus of Moderate Buy, with a price target consensus of $6.53.
Deutsche Lufthansa AG (DLAKY)
In a report issued on September 22, Carola Holtz from Kepler Capital downgraded Deutsche Lufthansa AG to Sell, with a price target of EUR6.80. The company’s shares closed last Thursday at $8.58, close to its 52-week low of $7.65.
According to TipRanks.com, Holtz is ranked 0 out of 5 stars with an average return of -3.5% and a 50.4% success rate. Holtz covers the Consumer Goods sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Anheuser-Busch Inbev Sa, and PUMA SE NPV.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Deutsche Lufthansa AG with a $7.76 average price target.
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