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TipRanksStock Market NewsDeutsche Bank Sticks to Its Buy Rating for Siemens Energy (SMEGF)
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Deutsche Bank Sticks to Its Buy Rating for Siemens Energy (SMEGF)

Deutsche Bank analyst Gael De-Bray maintained a Buy rating on Siemens Energy (SMEGFResearch Report) today and set a price target of EUR27.00. The company’s shares closed last Wednesday at $17.57, close to its 52-week low of $15.80.

According to TipRanks.com, De-Bray is ranked #4149 out of 7901 analysts.

Siemens Energy has an analyst consensus of Moderate Buy, with a price target consensus of $27.94, a 59.0% upside from current levels. In a report issued on May 4, Citigroup also maintained a Buy rating on the stock with a EUR28.00 price target.

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Based on Siemens Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.96 billion and GAAP net loss of $125 million. In comparison, last year the company earned revenue of $6.48 billion and had a net profit of $24 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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