Berenberg Bank Sticks to Its Buy Rating for Siemens Energy (SMEGF)


Berenberg Bank analyst Phil Buller maintained a Buy rating on Siemens Energy (SMEGF) yesterday and set a price target of EUR36.00. The company’s shares closed last Tuesday at $37.45.

Buller has an average return of 28.6% when recommending Siemens Energy.

According to TipRanks.com, Buller is ranked #3593 out of 7261 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Siemens Energy with a $38.10 average price target, implying a 1.1% upside from current levels. In a report issued on January 21, UBS also maintained a Buy rating on the stock with a EUR31.00 price target.

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Siemens Energy AG is an engineering technology company. The company develops and provides solutions for industrial applications, power generation, transmission, wind energy technologies. It provides Integrated Electrification, Automation and Digital solutions for oil and marine industries, Re-powering solutions, Grid access, HVDC, MVDC, and other related services.

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