BNP Paribas Downgrades Siemens Energy (OTCMKTS:SMEGF) to Hold

Siemens Energy (OTCMKTS:SMEGFGet Rating) was downgraded by equities researchers at BNP Paribas to a “hold” rating in a research note issued to investors on Wednesday, TipRanks reports. They currently have a $22.00 target price on the stock. BNP Paribas’ target price indicates a potential upside of 8.11% from the company’s previous close.

A number of other equities research analysts have also issued reports on SMEGF. Deutsche Bank Aktiengesellschaft dropped their target price on Siemens Energy from €30.00 ($32.61) to €28.00 ($30.43) in a research report on Thursday, January 13th. HSBC downgraded Siemens Energy from a “buy” rating to a “hold” rating in a research note on Monday, January 24th. JPMorgan Chase & Co. decreased their price target on Siemens Energy from €25.00 ($27.17) to €24.00 ($26.09) in a research note on Wednesday, March 30th. Exane BNP Paribas downgraded Siemens Energy from an “outperform” rating to a “neutral” rating and set a €22.00 ($23.91) target price for the company. in a research note on Wednesday. Finally, Morgan Stanley downgraded Siemens Energy from an “overweight” rating to an “equal weight” rating in a research note on Friday, February 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Siemens Energy has an average rating of “Hold” and a consensus target price of $22.60.

Siemens Energy stock opened at $20.35 on Wednesday. The business’s 50-day simple moving average is $22.16 and its 200 day simple moving average is $24.67. Siemens Energy has a 12-month low of $20.14 and a 12-month high of $35.62.

About Siemens Energy (Get Rating)

Siemens Energy AG operates as an energy technology company worldwide. It operates in two segments, Gas and Power; and Siemens Gamesa Renewable Energy. The company provides gas and steam turbines, generators, gas engines, instrumentation and controls, and electrical systems, as well as performance enhancement, maintenance, customer training, and professional consulting services for central and distributed power generation; and power and distribution transformers, air and gas-insulated switchgears, circuit breakers, surge arresters, disconnectors, bushings, instrument transformers, coils, transmission systems, and digitalized products for power transmission.

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Analyst Recommendations for Siemens Energy (OTCMKTS:SMEGF)

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