Siemens Gamesa Renewable Energy, S.A. (OTCMKTS:GCTAF) Receives Consensus Rating of “Hold” from Analysts

Shares of Siemens Gamesa Renewable Energy, S.A. (OTCMKTS:GCTAFGet Rating) have been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $20.35.

Several research analysts have commented on GCTAF shares. Credit Suisse Group raised Siemens Gamesa Renewable Energy from a “neutral” rating to an “outperform” rating in a research report on Monday, January 31st. HSBC lowered Siemens Gamesa Renewable Energy from a “hold” rating to a “reduce” rating in a research report on Tuesday, March 1st. Kepler Capital Markets raised Siemens Gamesa Renewable Energy from a “hold” rating to a “buy” rating and cut their price objective for the company from $26.20 to $23.00 in a research report on Wednesday, January 19th. Jefferies Financial Group started coverage on Siemens Gamesa Renewable Energy in a research report on Monday, April 4th. They issued a “hold” rating and a $17.30 price objective on the stock. Finally, Citigroup cut their price objective on Siemens Gamesa Renewable Energy to €19.00 ($20.00) and set a “buy” rating on the stock in a research report on Thursday, April 21st.

Shares of Siemens Gamesa Renewable Energy stock opened at $14.73 on Friday. Siemens Gamesa Renewable Energy has a twelve month low of $14.72 and a twelve month high of $35.34. The business’s fifty day moving average price is $18.29 and its 200 day moving average price is $21.27.

An institutional investor recently raised its position in Siemens Gamesa Renewable Energy stock. Cacti Asset Management LLC boosted its position in Siemens Gamesa Renewable Energy, S.A. (OTCMKTS:GCTAFGet Rating) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 98,000 shares of the company’s stock after buying an additional 1,500 shares during the quarter. Cacti Asset Management LLC’s holdings in Siemens Gamesa Renewable Energy were worth $2,348,000 at the end of the most recent quarter.

Siemens Gamesa Renewable Energy Company Profile (Get Rating)

Siemens Gamesa Renewable Energy, SA, together with its subsidiaries, supplies wind power solutions in Europe, the Middle East, Africa, Americas, Asia, and Australia. It operates through two segments, Wind Turbines and Operation and Maintenance. The Wind Turbines segment offers wind turbines for various pitch and speed technologies, as well as provides development, construction, and sale of wind farms.

Further Reading

Analyst Recommendations for Siemens Gamesa Renewable Energy (OTCMKTS:GCTAF)

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