Siemens Gamesa Renewable Energy SA (OTCMKTS:GCTAF) Receives Average Rating of “Hold” from Analysts

Shares of Siemens Gamesa Renewable Energy SA (OTCMKTS:GCTAF) have been given a consensus rating of “Hold” by the seven research firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

GCTAF has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised Siemens Gamesa Renewable Energy from an “underweight” rating to an “overweight” rating in a research note on Monday, June 22nd. UBS Group reaffirmed a “neutral” rating on shares of Siemens Gamesa Renewable Energy in a research note on Wednesday, May 13th. Goldman Sachs Group lowered Siemens Gamesa Renewable Energy from a “buy” rating to a “neutral” rating in a research note on Monday, May 18th. Deutsche Bank reaffirmed a “hold” rating on shares of Siemens Gamesa Renewable Energy in a research note on Wednesday, June 10th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Siemens Gamesa Renewable Energy in a research note on Tuesday, June 30th.

Shares of GCTAF stock traded down $0.15 during mid-day trading on Tuesday, reaching $18.35. 26,906 shares of the stock traded hands, compared to its average volume of 5,155. The stock’s fifty day simple moving average is $16.53 and its two-hundred day simple moving average is $16.05. Siemens Gamesa Renewable Energy has a 1-year low of $12.00 and a 1-year high of $19.50.

A hedge fund recently raised its stake in Siemens Gamesa Renewable Energy stock. Cacti Asset Management LLC grew its position in shares of Siemens Gamesa Renewable Energy SA (OTCMKTS:GCTAF) by 16.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,000 shares of the company’s stock after purchasing an additional 13,000 shares during the quarter. Cacti Asset Management LLC’s holdings in Siemens Gamesa Renewable Energy were worth $1,456,000 as of its most recent SEC filing.

About Siemens Gamesa Renewable Energy

Siemens Gamesa Renewable Energy, SA, together with its subsidiaries, engages in the development and construction of wind farms. It is involved in the engineering, design, production, and sale of wind turbines and related components. It operates through two segments, Wind Turbines and Operation and Maintenance.

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

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