Siemens Energy (OTCMKTS:SMNEY) Hits New 12-Month High – What’s Next?

Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $133.8250 and last traded at $133.7950, with a volume of 4559 shares traded. The stock had previously closed at $129.80.

Analysts Set New Price Targets

A number of analysts recently issued reports on SMNEY shares. Hsbc Global Res upgraded Siemens Energy to a “strong-buy” rating in a research note on Friday, September 5th. Zacks Research upgraded Siemens Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 1st. Berenberg Bank raised shares of Siemens Energy to a “strong-buy” rating in a report on Thursday, October 2nd. Morgan Stanley reaffirmed an “overweight” rating on shares of Siemens Energy in a research note on Monday, November 3rd. Finally, Jefferies Financial Group upgraded shares of Siemens Energy from a “hold” rating to a “buy” rating in a research note on Sunday, November 9th. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Siemens Energy Trading Up 3.0%

The company has a quick ratio of 0.62, a current ratio of 0.90 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $106.85 billion, a P/E ratio of 75.53 and a beta of 1.93. The firm’s 50-day simple moving average is $122.52 and its 200-day simple moving average is $111.56.

About Siemens Energy

Siemens Energy AG operates as an energy technology company worldwide. It operates through Gas Services, Grid Technologies, Transformation of Industry, and Siemens Gamesa segments. The company provides gas and steam turbines, generators, and heat pumps, as well as performance enhancement, maintenance, customer training, and professional consulting services for central and distributed power generation; and high voltage direct current transmission systems, offshore windfarm grid connections, transformers, flexible alternating current transmission systems, high voltage substations, air and gas-insulated switchgears, digital grid solutions and components, and storage solutions.