Deutsche Bank Believes Siemens Energy (SMEGF) Won’t Stop Here
In a report released today, Gael De-Bray from Deutsche Bank maintained a Buy rating on Siemens Energy (SMEGF), with a price target of EUR35.00. The company’s shares closed last Tuesday at $39.60, close to its 52-week high of $41.35.
De-Bray has an average return of 33.1% when recommending Siemens Energy.
According to TipRanks.com, De-Bray is ranked #1102 out of 7210 analysts.
Siemens Energy has an analyst consensus of Strong Buy, with a price target consensus of $35.34, which is a -12.3% downside from current levels. In a report issued on December 29, J.P. Morgan also maintained a Buy rating on the stock with a EUR30.00 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.