There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on Siemens AG (SIEGY) and BW Offshore (BGSWF) with bullish sentiments.
Siemens AG (SIEGY)
Kepler Capital analyst Marcus Almerud maintained a Buy rating on Siemens AG on October 6 and set a price target of EUR125.00. The company’s shares closed last Wednesday at $70.16, close to its 52-week high of $71.17.
According to TipRanks.com, Almerud is a 3-star analyst with an average return of 1.9% and a 47.4% success rate. Almerud covers the Industrial Goods sector, focusing on stocks such as Sulzer AG, Cargotec, and Nordex.
Siemens AG has an analyst consensus of Strong Buy, with a price target consensus of $151.30.
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BW Offshore (BGSWF)
In a report issued on October 6, Kevin Roger from Kepler Capital maintained a Buy rating on BW Offshore, with a price target of NOK62.00. The company’s shares closed last Friday at $3.55.
According to TipRanks.com, Roger is a 3-star analyst with an average return of 4.1% and a 44.1% 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 $6.62.
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