Siemens (0P6M) Receives a Buy from Bernstein

Bernstein analyst Alasdair Leslie maintained a Buy rating on Siemens yesterday and set a price target of €290.00. The company’s shares closed yesterday at €258.00.

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Leslie covers the Industrials sector, focusing on stocks such as ABB Ltd, Schneider Electric, and Siemens Energy. According to TipRanks, Leslie has an average return of -0.1% and a 49.43% success rate on recommended stocks.

In addition to Bernstein, Siemens also received a Buy from UBS’s Andre Kukhnin in a report issued on January 20. However, on January 14, 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.