Credit Suisse Group Reaffirms “Outperform” Rating for Siemens Gamesa Renewable Energy (OTCMKTS:GCTAF)

Siemens Gamesa Renewable Energy (OTCMKTS:GCTAF)‘s stock had its “outperform” rating reaffirmed by research analysts at Credit Suisse Group in a research report issued on Tuesday, The Fly reports.

A number of other research firms have also recently commented on GCTAF. UBS Group restated a “neutral” rating on shares of Siemens Gamesa Renewable Energy in a research report on Wednesday, May 13th. HSBC restated a “hold” rating on shares of Siemens Gamesa Renewable Energy in a research report on Thursday, April 16th. Citigroup initiated coverage on Siemens Gamesa Renewable Energy in a research report on Thursday, May 21st. They set a “buy” rating on the stock. JPMorgan Chase & Co. upgraded Siemens Gamesa Renewable Energy from an “underweight” rating to an “overweight” rating in a research report on Monday, June 22nd. Finally, Goldman Sachs Group cut Siemens Gamesa Renewable Energy from a “buy” rating to a “neutral” rating in a research report on Monday, May 18th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold”.

GCTAF traded up $0.15 during midday trading on Tuesday, hitting $17.50. 572 shares of the company were exchanged, compared to its average volume of 4,917. Siemens Gamesa Renewable Energy has a 1-year low of $12.00 and a 1-year high of $19.50. The company’s 50 day simple moving average is $16.24 and its 200 day simple moving average is $16.01.

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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