Analysts Offer Insights on Conglomerates Companies: Siemens Gamesa Renewable Energy, S.A. (Other OTC: GCTAF) and Siemens Energy (Other OTC: SMEGF)

There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on Siemens Gamesa Renewable Energy, S.A. (GCTAFResearch Report) and Siemens Energy (SMEGFResearch Report) with bullish sentiments.

Siemens Gamesa Renewable Energy, S.A. (GCTAF)

J.P. Morgan analyst Akash Gupta maintained a Buy rating on Siemens Gamesa Renewable Energy, S.A. on March 31 and set a price target of EUR35.00. The company’s shares closed last Thursday at $38.52.

Gupta has an average return of 11.6% when recommending Siemens Gamesa Renewable Energy, S.A..

According to TipRanks.com, Gupta is ranked #7266 out of 7423 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Siemens Gamesa Renewable Energy, S.A. with a $39.78 average price target, a 2.4% upside from current levels. In a report issued on March 25, Bernstein also initiated coverage with a Buy rating on the stock with a EUR38.00 price target.

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Siemens Energy (SMEGF)

Deutsche Bank analyst Gael De-Bray maintained a Buy rating on Siemens Energy yesterday and set a price target of EUR39.00. The company’s shares closed last Thursday at $36.84.

De-Bray has an average return of 3.8% when recommending Siemens Energy.

According to TipRanks.com, De-Bray is ranked #1099 out of 7423 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Siemens Energy with a $42.26 average price target, representing a 14.7% upside. In a report issued on March 19, J.P. Morgan also maintained a Buy rating on the stock with a EUR31.00 price target.

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