Siemens Energy (SMEGF) Receives a Buy from J.P. Morgan
In a report released today, Phil Buller from J.P. Morgan maintained a Buy rating on Siemens Energy, with a price target of €160.00.
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Buller covers the Industrials sector, focusing on stocks such as Schneider Electric, Siemens, and Siemens Energy. According to TipRanks, Buller has an average return of 19.6% and a 60.00% success rate on recommended stocks.
In addition to J.P. Morgan, Siemens Energy also received a Buy from Jefferies’s Lucas Ferhani in a report issued yesterday. However, on December 10, Citi maintained a Hold rating on Siemens Energy (Other OTC: SMEGF).
Based on Siemens Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of €10.43 billion and a net profit of €168 million. In comparison, last year the company earned a revenue of €9.74 billion and had a GAAP net loss of €293 million
Based on the recent corporate insider activity of 13 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.
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