Bank of America Securities Remains a Buy on Siemens Energy (SMEGF)
Bank of America Securities analyst Benjamin Heelan maintained a Buy rating on Siemens Energy (SMEGF – Research Report) on June 26 and set a price target of €94.00. The company's shares closed yesterday at $112.00.
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Heelan covers the Industrials sector, focusing on stocks such as Rheinmetall, Nordex, and Airbus Group SE. According to TipRanks, Heelan has an average return of 9.1% and a 46.77% success rate on recommended stocks.
In addition to Bank of America Securities, Siemens Energy also received a Buy from Morgan Stanley's Max Yates in a report issued on June 26. However, yesterday, DZ BANK AG maintained a Sell rating on Siemens Energy (Other OTC: SMEGF).
SMEGF market cap is currently $88.43B and has a P/E ratio of 415.58.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SMEGF in relation to earlier this year.
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