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UBS Sticks to Its Buy Rating for Siemens (0P6M)

Tipranks - Thu Jan 15, 7:44AM CST

In a report released today, Andre Kukhnin from UBS maintained a Buy rating on Siemens, with a price target of €255.00.

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Kukhnin covers the Industrials sector, focusing on stocks such as Schneider Electric, Siemens, and Alstom SA. According to TipRanks, Kukhnin has an average return of 9.1% and a 67.89% success rate on recommended stocks.

In addition to UBS, Siemens also received a Buy from J.P. Morgan’s Phil Buller in a report issued yesterday. However, today, Barclays maintained a Sell 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.

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