Siemens Gamesa Renewable Energy SA (GAM) PT Set at €11.50 by J P Morgan Chase & Co

Siemens Gamesa Renewable Energy SA (BME:GAM) has been assigned a €11.50 ($13.53) target price by J P Morgan Chase & Co in a research report issued to clients and investors on Wednesday. The firm presently has a “neutral” rating on the stock.

GAM has been the topic of a number of other research reports. Barclays PLC set a €13.00 ($15.29) target price on Siemens Gamesa Renewable Energy SA and gave the stock a “neutral” rating in a research report on Tuesday, August 8th. Macquarie set a €10.14 ($11.93) target price on Siemens Gamesa Renewable Energy SA and gave the stock a “sell” rating in a research report on Wednesday, October 18th. Societe Generale set a €13.50 ($15.88) target price on Siemens Gamesa Renewable Energy SA and gave the stock a “neutral” rating in a research report on Wednesday, October 18th. Finally, HSBC Holdings plc set a €13.00 ($15.29) target price on Siemens Gamesa Renewable Energy SA and gave the stock a “neutral” rating in a research report on Monday, September 25th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of €11.93 ($14.03).

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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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