Siemens Energy AG (OTCMKTS:SMEGF) Receives Average Recommendation of “Hold” from Analysts

Shares of Siemens Energy AG (OTCMKTS:SMEGFGet Rating) have earned a consensus rating of “Hold” from the twelve research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $22.60.

A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Siemens Energy from €30.00 ($32.26) to €28.00 ($30.11) in a report on Thursday, January 13th. Exane BNP Paribas cut shares of Siemens Energy from an “outperform” rating to a “neutral” rating and set a €22.00 ($23.66) price target on the stock. in a report on Wednesday, April 13th. Morgan Stanley cut shares of Siemens Energy from an “overweight” rating to an “equal weight” rating in a report on Friday, February 4th. BNP Paribas cut shares of Siemens Energy to a “hold” rating and set a $22.00 price target on the stock. in a report on Wednesday, April 13th. Finally, HSBC cut shares of Siemens Energy from a “buy” rating to a “hold” rating in a report on Monday, January 24th.

Shares of SMEGF opened at $20.89 on Thursday. Siemens Energy has a fifty-two week low of $20.14 and a fifty-two week high of $35.62. The firm’s 50-day simple moving average is $22.06 and its two-hundred day simple moving average is $24.49.

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 transformers, air and gas-insulated switchgears, AC transmission systems, offshore windfarm grid connections, high voltage direct current transmission systems, high voltage substations, digital solutions and components, and other products.

Further Reading

Analyst Recommendations for Siemens Energy (OTCMKTS:SMEGF)

Receive News & Ratings for Siemens Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Siemens Energy and related companies with MarketBeat.com's FREE daily email newsletter.