Credit Suisse Group Upgrades Siemens (SIEGY) to Outperform
Siemens (OTCMKTS:SIEGY) was upgraded by investment analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a report released on Tuesday, The Fly reports.
SIEGY has been the subject of several other reports. ValuEngine cut shares of Siemens from a “hold” rating to a “sell” rating in a research note on Saturday, February 2nd. Zacks Investment Research cut shares of Siemens from a “hold” rating to a “sell” rating in a research note on Tuesday, February 5th. Finally, JPMorgan Chase & Co. raised shares of Siemens from a “neutral” rating to an “overweight” rating in a research note on Tuesday, February 26th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Siemens has a consensus rating of “Hold” and a consensus price target of $65.00.
Shares of SIEGY opened at $59.36 on Tuesday. The firm has a market capitalization of $101.08 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 1.53 and a beta of 1.10. Siemens has a fifty-two week low of $51.51 and a fifty-two week high of $70.90.
Siemens Aktiengesellschaft operates in the fields of electrification, automation, and digitalization worldwide. Its Power and Gas segment offers gas and steam turbines, generators, compressor trains, integrated power plant solutions, and instrumentation and control systems for power generation. The company's Energy Management segment offers software, products, systems, solutions, and services for transmitting, distributing, and managing electrical power, as well as for providing intelligent power infrastructure.
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