After J.P. Morgan and Deutsche Bank gave Siemens Energy (Other OTC: SMEGF) a Buy rating last month, the company received another Buy, this time from Goldman Sachs. Analyst Ajay Patel maintained a Buy rating on Siemens Energy yesterday and set a price target of EUR32.20. The company’s shares closed last Tuesday at $37.45.
Patel has an average return of 25.3% when recommending Siemens Energy.
According to TipRanks.com, Patel is ranked #1289 out of 7261 analysts.
Currently, the analyst consensus on Siemens Energy is a Strong Buy with an average price target of $38.10, representing a 1.1% upside. In a report issued on January 21, UBS also maintained a Buy rating on the stock with a EUR31.00 price target.
See today’s analyst top recommended stocks >>
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
