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Siemens Energy: Positive industry development

As part of an industry study, the analysts at Deutsche Bank are also taking care of the Siemens Energy and Siemens Gamesa shares. The industry should see some recovery in the fourth quarter. Sales should increase again. This is supported by developments in China. Many companies are likely to show better margins again.

Following the recent spike in freight and raw material prices, costs may deserve special attention in 2021. The bottom line is that analysts are raising their expectations for many companies in the industry.

The price target for Siemens Energy shares has risen from EUR 30.00 to EUR 35.00. There is still a buy recommendation for the title.

The voting for the shares of Siemens Gamesa continues to increase with “hold”. Here the price target is raised from EUR 24.00 to EUR 30.00.

The shares of Siemens Energy are quoted almost unchanged at 33.32 euros.

The papers from Siemens Gamesa give 5.3 percent to 35.88 euros.

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