RBC Capital Remains a Hold on Siemens (0P6M)
RBC Capital analyst Mark Fielding maintained a Hold rating on Siemens today and set a price target of €245.00.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Fielding covers the Industrials sector, focusing on stocks such as Schneider Electric, Siemens, and IMI plc. According to TipRanks, Fielding has an average return of 10.9% and a 67.59% success rate on recommended stocks.
In addition to RBC Capital, Siemens also received a Hold from Deutsche Bank ‘s Gael De-Bray in a report issued on January 6. However, today, J.P. Morgan maintained a Buy 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 22 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.
Read More on GB:0P6M:
Disclaimer & DisclosureReport an Issue
- Soluna Holdings signs MOU with Siemens to solve GPU power swings
- Babcock & Wilcox selects Siemens Energy to provide steam turbine generator sets
- Siemens re-initiated with an Outperform at Bernstein
- Nvidia, Siemens expand partnership to build industrial AI operating system
- PepsiCo announces AI, digital twin collaboration with Siemens, Nvidia
