Citi Sticks to Its Hold Rating for Siemens Energy (SMEGF)
Citi analyst Vivek Midha maintained a Hold rating on Siemens Energy today and set a price target of €116.00.
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Midha covers the Industrials sector, focusing on stocks such as Wartsila Oyj Abp, Weir Group plc (The), and Siemens Energy. According to TipRanks, Midha has an average return of 17.7% and a 72.22% success rate on recommended stocks.
In addition to Citi, Siemens Energy also received a Hold from Barclays’s Vladimir Sergievskiy in a report issued on December 3. However, on December 8, Morgan Stanley maintained a Buy rating on Siemens Energy (Other OTC: SMEGF).
SMEGF market cap is currently €100B and has a P/E ratio of 70.69.
Based on the recent corporate insider activity of 17 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 SMEGF in relation to earlier this year.
Read More on SMEGF:
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- Siemens Energy price target raised to EUR 130 from EUR 125 at Morgan Stanley
- Siemens Energy Managerial Share Purchase Reflects Confidence
- Siemens Energy upgraded to Overweight from Neutral at JPMorgan
- Siemens Energy price target raised to EUR 130 from EUR 122 at Berenberg
- Siemens Energy Announces Managerial Share Donation
