Exane BNP Paribas Lowers Siemens Energy (OTCMKTS:SMEGF) to Neutral

Siemens Energy (OTCMKTS:SMEGFGet Rating) was downgraded by research analysts at Exane BNP Paribas from an “outperform” rating to a “neutral” rating in a research note issued on Wednesday, The Fly reports. They presently have a €22.00 ($23.91) price target on the stock.

A number of other research analysts also recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Siemens Energy from €25.00 ($27.17) to €24.00 ($26.09) in a research report on Wednesday, March 30th. Morgan Stanley downgraded shares of Siemens Energy from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 4th. Deutsche Bank Aktiengesellschaft dropped their price objective on Siemens Energy from €30.00 ($32.61) to €28.00 ($30.43) in a research note on Thursday, January 13th. Finally, HSBC lowered Siemens Energy from a “buy” rating to a “hold” rating in a research note on Monday, January 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $22.60.

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

Siemens Energy Company Profile (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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