Siemens Energy (OTCMKTS:SMNEY) Hits New 12-Month High – Still a Buy?

Siemens Energy AG (OTCMKTS:SMNEY) reached a new 52-week high during trading on Monday . The stock traded as high as $57.13 and last traded at $56.26, with a volume of 88550 shares. The stock had previously closed at $53.61.

Analysts Set New Price Targets

Separately, Citigroup upgraded Siemens Energy to a “hold” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Siemens Energy Stock Up 4.9 %

The stock has a fifty day moving average of $49.76 and a 200-day moving average of $37.51. The stock has a market capitalization of $44.97 billion and a price-to-earnings ratio of 38.27.

Siemens Energy Company Profile

Siemens Energy AG operates as an energy technology company worldwide. It operates through Gas Services, Grid Technologies, Transformation of Industry, and Siemens Gamesa segments. The company provides gas and steam turbines, generators, and heat pumps, as well as performance enhancement, maintenance, customer training, and professional consulting services for central and distributed power generation; and high voltage direct current transmission systems, offshore windfarm grid connections, transformers, flexible alternating current transmission systems, high voltage substations, air and gas-insulated switchgears, digital grid solutions and components, and storage solutions.