Societe Generale set a €13.50 ($15.70) price objective on Siemens Gamesa Renewable Energy SA (BME:GAM) in a research note released on Wednesday, October 18th. The firm currently has a neutral rating on the stock.
Several other research firms have also recently commented on GAM. HSBC Holdings plc set a €13.00 ($15.12) target price on shares of Siemens Gamesa Renewable Energy SA and gave the stock a neutral rating in a research report on Monday, September 25th. Barclays PLC set a €13.00 ($15.12) target price on shares of Siemens Gamesa Renewable Energy SA and gave the stock a neutral rating in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of €12.36 ($14.37).
Siemens Gamesa Renewable Energy SA (GAM) traded up €0.03 ($0.03) during trading hours on Wednesday, hitting €11.97 ($13.92). The stock had a trading volume of 2,630,000 shares, compared to its average volume of 4,030,000. Siemens Gamesa Renewable Energy SA has a 1-year low of €10.65 ($12.38) and a 1-year high of €22.54 ($26.21).
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About Siemens Gamesa Renewable Energy SA
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.
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