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Deutsche Bank Maintains a Buy Rating on Siemens Energy (SMEGF)

In a report released today, Gael De-Bray from Deutsche Bank maintained a Buy rating on Siemens Energy (SMEGFResearch Report), with a price target of EUR27.00. The company’s shares closed last Thursday at $21.75, close to its 52-week low of $20.14.

According to TipRanks.com, De-Bray is ranked #2392 out of 7760 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Siemens Energy with a $32.09 average price target, which is a 47.5% upside from current levels. In a report issued on January 17, Morgan Stanley also maintained a Buy rating on the stock with a EUR32.00 price target.

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Based on Siemens Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $8.2 billion and GAAP net loss of $311 million. In comparison, last year the company earned revenue of $7.63 billion and had a GAAP net loss of $372 million.

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Siemens Energy AG is an engineering technology company. The company develops and provides solutions for industrial applications, power generation, transmission, wind energy technologies. It provides Integrated Electrification, Automation and Digital solutions for oil and marine industries, Re-powering solutions, Grid access, HVDC, MVDC, and other related services.

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