Siemens Energy: Oddo raises TP in favourable context

(CercleFinance.com) - In a favourable context, the Siemens Energy group announced its preliminary Q1 order intake of 7.
43 billion euros (new consensus at 7.24 billion euros), along with revenues of 6.54 billion euros, up 3% year-on-year (consensus at 6.71 billion euros) and an adjusted EBITA before special charges of 366 million euros, representing a margin of 5.6% (consensus of 1.8%), Oddo reports.

The broker is therefore maintaining its buy rating on the Siemens Energy stock, while increasing its corresponding target price to 37 euros, compared with 28 euros previously.


Copyright (c) 2021 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.