Goldman Sachs Keeps Their Buy Rating on Siemens (0P6M)

Goldman Sachs analyst Daniela Costa maintained a Buy rating on Siemens today and set a price target of €264.00.

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According to TipRanks, Costa is a 5-star analyst with an average return of 10.8% and a 66.13% success rate. Costa covers the Industrials sector, focusing on stocks such as TRATON SE, Daimler Truck Holding AG, and Siemens.

In addition to Goldman Sachs, Siemens also received a Buy from Evercore ISI’s Alexander Virgo in a report issued on February 9. However, today, RBC Capital maintained a Hold rating on Siemens (LSE: 0P6M).

Based on Siemens’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of €21.43 billion and a net profit of €1.62 billion. In comparison, last year the company earned a revenue of €20.81 billion and had a net profit of €1.9 billion

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of 0P6M in relation to earlier this year.