DZ BANK AG Keeps Their Buy Rating on Siemens (0P6M)
In a report released yesterday, Alexander Hauenstein from DZ BANK AG maintained a Buy rating on Siemens. The company’s shares closed yesterday at €255.95.
Claim 50% 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
According to TipRanks, Hauenstein is a 4-star analyst with an average return of 7.7% and a 57.52% success rate. Hauenstein covers the Industrials sector, focusing on stocks such as Jungheinrich, KION GROUP AG, and Siemens.
In addition to DZ BANK AG, Siemens also received a Buy from Jefferies’s Rizk Maidi in a report issued on January 26. However, on January 27, Kepler Capital downgraded Siemens (LSE: 0P6M) to a Sell.
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
- Siemens downgraded to Reduce from Hold at Kepler Cheuvreux
- Avanos and Siemens Healthineers partner for integrated patient care solutions
- 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
