Siemens Gamesa Renewable Energy SA (GAM) Given a €11.50 Price Target by Barclays PLC Analysts

Siemens Gamesa Renewable Energy SA (BME:GAM) has been assigned a €11.50 ($13.53) price target by equities researchers at Barclays PLC in a report released on Friday. The brokerage presently has a “neutral” rating on the stock.

A number of other brokerages have also commented on GAM. J P Morgan Chase & Co set a €11.50 ($13.53) price objective on Siemens Gamesa Renewable Energy SA and gave the company a “neutral” rating in a report on Monday, October 23rd. Societe Generale set a €13.50 ($15.88) price objective on Siemens Gamesa Renewable Energy SA and gave the company a “neutral” rating in a report on Wednesday, October 18th. Macquarie set a €10.14 ($11.93) price objective on Siemens Gamesa Renewable Energy SA and gave the company a “sell” rating in a report on Wednesday, October 18th. Finally, HSBC Holdings plc set a €13.00 ($15.29) price objective on Siemens Gamesa Renewable Energy SA and gave the company a “neutral” rating in a report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of €11.93 ($14.03).

Shares of Siemens Gamesa Renewable Energy SA (GAM) opened at 36.01 on Friday. The stock has a 50 day moving average of $35.84 and a 200 day moving average of $34.73. The firm has a market cap of $965.46 million and a P/E ratio of 6.35. Siemens Gamesa Renewable Energy SA has a 52 week low of $28.72 and a 52 week high of $36.56.

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Siemens Gamesa Renewable Energy SA Company Profile

Siemens Gamesa Renewable Energy SA, formerly Gamesa Corporacion Tecnologica SA, is a Spain-based company engaged in the renewable energy equipment manufacture. The Company specializes in the promotion and development of wind farms, as well as the engineering, design, production and sale of wind turbines.

Analyst Recommendations for Siemens Gamesa Renewable Energy SA (BME:GAM)

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