Siemens Gamesa Renewable Energy, S.A. (GCTAF) Receives a Buy from Bernstein

In a report released yesterday, Deepa Venkateswaran from Bernstein maintained a Buy rating on Siemens Gamesa Renewable Energy, S.A. (GCTAFResearch Report), with a price target of EUR38.00. The company’s shares closed last Wednesday at $31.18.

According to TipRanks.com, Venkateswaran is ranked #1359 out of 7590 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Siemens Gamesa Renewable Energy, S.A. with a $38.09 average price target, which is a 18.8% upside from current levels. In a report issued on July 8, Goldman Sachs also maintained a Buy rating on the stock with a EUR38.80 price target.

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Siemens Gamesa Renewable Energy, S.A.’s market cap is currently $21.2B and has a P/E ratio of -31.30. The company has a Price to Book ratio of -13.88.

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Siemens Gamesa Renewable Energy SA engages in the provision of renewable energy services. It operates through the Wind Turbine and Operations Maintenance segments. Its products and services include onshore and offshore wind turbines and service wind. The company was founded by Juan Luis Arregui Ciarsolo on January 28, 1976 and is headquartered in Vizcaya, Spain.