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Siemens (0P6M) Gets a Buy from Goldman Sachs

Tipranks - Tipranks - Fri Jan 16, 6:56AM CST

In a report released today, Daniela Costa from Goldman Sachs maintained a Buy rating on Siemens, with a price target of €264.00.

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According to TipRanks, Costa is a 5-star analyst with an average return of 10.0% and a 63.93% success rate. Costa covers the Industrials sector, focusing on stocks such as TRATON SE, CNH Industrial, and LEGRAND.

In addition to Goldman Sachs, Siemens also received a Buy from UBS’s Andre Kukhnin in a report issued yesterday. However, on the same day, Barclays maintained a Sell rating on Siemens (LSE: 0P6M).

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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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