Siemens Energy: Credit Suisse begins tracking as a buyer
(CercleFinance.com) - On Tuesday Credit Suisse began to monitor the Siemens Energy share, with an "outperform" recommendation and a target price of 26 euros.
In a report, the broker welcomes management's desire to improve the profit margins of its gas and energy production businesses, but also that of SGRE (Siemens Gamesa Renewable Energy), its renewable energies subsidiary.
Credit Suisse also says that it appreciates the "resilient" model of the gas turbine services business, as well as an offering that is deemed "complete" in the production and transmission of energy, considering it an "interesting". option taken by the group on the hydrogen market.
The analyst finally adds that he considers the share's current valuation "attractive".
After a poor start to trading on the Frankfurt Stock Exchange yesterday, on Tuesday the Siemens Energy share has bounced back, up over 5% at lunchtime.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
In a report, the broker welcomes management's desire to improve the profit margins of its gas and energy production businesses, but also that of SGRE (Siemens Gamesa Renewable Energy), its renewable energies subsidiary.
Credit Suisse also says that it appreciates the "resilient" model of the gas turbine services business, as well as an offering that is deemed "complete" in the production and transmission of energy, considering it an "interesting". option taken by the group on the hydrogen market.
The analyst finally adds that he considers the share's current valuation "attractive".
After a poor start to trading on the Frankfurt Stock Exchange yesterday, on Tuesday the Siemens Energy share has bounced back, up over 5% at lunchtime.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.