Siemens Energy: UBS maintains Buy rating
(CercleFinance.com) - UBS reiterates its buy rating on the Siemens Energy stock with a target price of E25 after the launch of a cash capital increase through accelerated book building.
"Offer size of 1.3 billion euros or 72.7m shares (representing c10% of share capital). New shares expected to begin trading on 23-Mar-2023", analysts said.
The shares were placed at a price of E17.32 each.
The successful placement of new shares is an important step in the refinancing of its cash tender offer for Siemens Gamesa and supports its strong investment grade credit rating, Siemens Energy said.
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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.
"Offer size of 1.3 billion euros or 72.7m shares (representing c10% of share capital). New shares expected to begin trading on 23-Mar-2023", analysts said.
The shares were placed at a price of E17.32 each.
The successful placement of new shares is an important step in the refinancing of its cash tender offer for Siemens Gamesa and supports its strong investment grade credit rating, Siemens Energy said.
Copyright (c) 2023 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.