Siemens Gamesa Renewable Energy’s (GCTAF) Neutral Rating Reiterated at Goldman Sachs Group

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Goldman Sachs Group restated their neutral rating on shares of Siemens Gamesa Renewable Energy (OTCMKTS:GCTAF) in a research report sent to investors on Thursday morning, AnalystRatings.com reports.

Other equities research analysts have also issued reports about the company. Credit Suisse Group reissued an outperform rating on shares of Siemens Gamesa Renewable Energy in a research note on Tuesday, June 30th. HSBC reissued a hold rating on shares of Siemens Gamesa Renewable Energy in a research note on Thursday, April 16th. JPMorgan Chase & Co. raised Siemens Gamesa Renewable Energy from an underweight rating to an overweight rating in a research note on Monday, June 22nd. UBS Group reissued a neutral rating on shares of Siemens Gamesa Renewable Energy in a research note on Wednesday, May 13th. Finally, Citigroup started coverage on Siemens Gamesa Renewable Energy in a research note on Thursday, May 21st. They set a buy rating for the company. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of Hold.

Shares of Siemens Gamesa Renewable Energy stock opened at $23.30 on Thursday. The stock has a 50 day moving average price of $19.04 and a 200-day moving average price of $16.55. Siemens Gamesa Renewable Energy has a one year low of $12.00 and a one year high of $24.09.

An institutional investor recently raised its position in Siemens Gamesa Renewable Energy stock. Cacti Asset Management LLC raised its position in shares of Siemens Gamesa Renewable Energy SA (OTCMKTS:GCTAF) by 16.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,000 shares of the company’s stock after purchasing an additional 13,000 shares during the period. Cacti Asset Management LLC’s holdings in Siemens Gamesa Renewable Energy were worth $1,456,000 as of its most recent filing with the Securities & Exchange Commission.

Siemens Gamesa Renewable Energy Company Profile

Siemens Gamesa Renewable Energy, SA, together with its subsidiaries, engages in the development and construction of wind farms. It is involved in the engineering, design, production, and sale of wind turbines and related components. It operates through two segments, Wind Turbines and Operation and Maintenance.

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Analyst Recommendations for Siemens Gamesa Renewable Energy (OTCMKTS:GCTAF)

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