Siemens Gamesa Renewable Energy, S.A. (OTCMKTS:GCTAF) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Siemens Gamesa Renewable Energy, S.A. (OTCMKTS:GCTAF – Get Rating) have received a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $18.90.

Several research firms recently commented on GCTAF. Jefferies Financial Group began coverage on shares of 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. HSBC raised shares of Siemens Gamesa Renewable Energy from a “reduce” rating to a “hold” rating and set a $16.00 price objective on the stock in a research report on Thursday, May 19th. Credit Suisse Group raised shares of Siemens Gamesa Renewable Energy from a “neutral” rating to an “outperform” rating in a research report on Monday, January 31st. Citigroup cut their price objective on shares of Siemens Gamesa Renewable Energy to €19.00 ($20.43) and set a “buy” rating on the stock in a research report on Thursday, April 21st. Finally, Sanford C. Bernstein cut shares of Siemens Gamesa Renewable Energy from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 24th.

Shares of OTCMKTS GCTAF opened at $19.15 on Tuesday. The company’s fifty day moving average is $16.80 and its 200-day moving average is $20.19. Siemens Gamesa Renewable Energy has a twelve month low of $13.06 and a twelve month high of $35.34.

A hedge fund recently raised its stake in Siemens Gamesa Renewable Energy stock. Cacti Asset Management LLC lifted its position in shares of Siemens Gamesa Renewable Energy, S.A. (OTCMKTS:GCTAF – Get Rating) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 98,000 shares of the company’s stock after purchasing an additional 1,500 shares during the period. Cacti Asset Management LLC’s holdings in Siemens Gamesa Renewable Energy were worth $2,348,000 at the end of the most recent quarter.

About Siemens Gamesa Renewable Energy (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.

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