Morgan Stanley Lowers Siemens Gamesa Renewable Energy (OTCMKTS:GCTAF) Price Target to €22.50

Siemens Gamesa Renewable Energy (OTCMKTS:GCTAF) had its price target cut by Morgan Stanley to €22.50 ($25.57) in a research report report published on Friday, The Fly reports.

Several other brokerages have also recently issued reports on GCTAF. Deutsche Bank Aktiengesellschaft restated a hold rating on shares of Siemens Gamesa Renewable Energy in a report on Tuesday, November 9th. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of Siemens Gamesa Renewable Energy in a report on Monday, November 8th. Finally, Citigroup lowered Siemens Gamesa Renewable Energy from a buy rating to a neutral rating and set a $26.50 price target on the stock. in a research note on Tuesday, September 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Hold and an average price target of $25.36.

Siemens Gamesa Renewable Energy stock opened at $22.00 on Friday. The company’s 50 day simple moving average is $24.04 and its 200-day simple moving average is $26.41. Siemens Gamesa Renewable Energy has a 1 year low of $21.38 and a 1 year high of $45.15.

An institutional investor recently raised its position in Siemens Gamesa Renewable Energy stock. Cacti Asset Management LLC lifted its position in shares of Siemens Gamesa Renewable Energy, S.A. (OTCMKTS:GCTAF) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 98,000 shares of the company’s stock after buying an additional 1,500 shares during the period. Cacti Asset Management LLC’s holdings in Siemens Gamesa Renewable Energy were worth $2,348,000 as of its most recent SEC filing.

Siemens Gamesa Renewable Energy Company Profile

Siemens Gamesa Renewable Energy SA engages in the provision of renewable energy services. It operates through the Wind Turbine and Operations Maintenance segments. Its products and services include onshore and offshore wind turbines and service wind. The company was founded by Juan Luis Arregui Ciarsolo on January 28, 1976 and is headquartered in Vizcaya, Spain.

Featured Article: Fundamental Analysis – How It Helps Investors

The Fly logo

Analyst Recommendations for Siemens Gamesa Renewable Energy (OTCMKTS:GCTAF)

Receive News & Ratings for Siemens Gamesa Renewable Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Siemens Gamesa Renewable Energy and related companies with MarketBeat.com's FREE daily email newsletter.