Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY) Given Average Rating of “Buy” by Analysts

Shares of Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY) have been given an average rating of “Buy” by the twelve brokerages that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and three have given a strong buy rating to the company.

Several research firms have recently commented on SMNEY. Morgan Stanley reissued an “overweight” rating on shares of Siemens Energy in a research report on Monday, December 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Siemens Energy in a research report on Thursday, January 29th. Jefferies Financial Group upgraded shares of Siemens Energy from a “hold” rating to a “buy” rating in a research note on Sunday, November 9th. Sanford C. Bernstein started coverage on Siemens Energy in a research note on Wednesday, January 7th. They issued an “outperform” rating for the company. Finally, UBS Group raised Siemens Energy from a “strong sell” rating to a “buy” rating in a report on Friday, January 23rd.

Siemens Energy Stock Up 2.5%

Shares of SMNEY stock opened at $175.64 on Friday. Siemens Energy has a 52-week low of $50.60 and a 52-week high of $176.73. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.90 and a quick ratio of 0.63. The company’s 50 day moving average is $152.36 and its 200 day moving average is $129.75.

About Siemens Energy

Siemens Energy AG is a global energy technology company headquartered in Germany that provides equipment, systems and services across the power generation and transmission value chains. Established as an independent public company through a spin-off of Siemens AG’s energy businesses in 2020, Siemens Energy draws on a long industrial heritage to design, manufacture and service technologies used by utilities, industrial customers and the oil and gas sector.

The company’s product and service portfolio includes gas and steam turbines, generators, transformers and high-voltage transmission equipment as well as grid connection and power-conversion systems.