|Over a month ago|
Siemens Gamesa downgraded to Neutral from Outperform at Oddo BHF » 05:2308/0308/03/22
Oddo BHF analyst Baptiste…
Oddo BHF analyst Baptiste Lebacq downgraded Siemens Gamesa to Neutral from Outperform with an EUR 18.05 price target.
Siemens Gamesa mulls roughly 2,500 layoffs, Reuters reports » 13:5308/0108/01/22
Siemens Gamesa is…
Siemens Gamesa is weighing slashing roughly 2,500 jobs, or about 9% of its total workforce, to recover from losses that have prompted its main stakeholder to launch an acquisition bid, Reuters' Isla Binnie and Christoph Steitz report, citing two people familiar with the matter. The cuts would reduce a headcount of about 27,000 people, the author says, noting that it is not immediately clear which units or regions would be affected by the cuts. Reference Link
Siemens Gamesa resumed with a Neutral at Citi » 05:5707/1507/15/22
Citi analyst Vivek Midha…
Citi analyst Vivek Midha resumed coverage of Siemens Gamesa with a Neutral rating and EUR 18.05 price target. The analyst expects Siemens Energy's offer for the company's minorities to go through.
|Over a quarter ago|
Siemens Gamesa downgraded to Neutral from Outperform at Credit Suisse » 04:4406/1006/10/22
Credit Suisse analyst…
Credit Suisse analyst Mark Freshney downgraded Siemens Gamesa to Neutral from Outperform with a price target of EUR 18.05, down from EUR 22. The analyst cites the voluntary cash tender offer from Siemens Energy for the 32.9% of Siemens Gamesa shares it does not already own for the downgrade. He continues to recommend exposure to a market improvement in wind through Vestas.
Siemens Gamesa downgraded to Hold from Buy at Deutsche Bank » 04:5005/2505/25/22
Deutsche Bank analyst…
Deutsche Bank analyst Gael de-Bray downgraded Siemens Gamesa to Hold from Buy with an EUR 18.05 price target with the shares trading close to the buyout offer from Siemens Energy.
Siemens Gamesa downgraded to Market Perform from Outperform at Bernstein » 05:5205/2405/24/22
Bernstein analyst Deepa…
Bernstein analyst Deepa Venkateswaran downgraded Siemens Gamesa to Market Perform from Outperform with an EUR 18.05 price target. The analyst downgraded the shares to reflect the Siemens Energy offer price.
Siemens Energy announces cash tender offer for Siemens Gamesa Renewable » 07:0505/2305/23/22
Siemens Energy AG (SMEGF)…
Siemens Energy AG (SMEGF) announces a voluntary cash tender offer for all outstanding shares in Siemens Gamesa Renewable Energy, S.A. (GCTAF) with intention to delist and integrate the business. The offer at EUR 18.05 per share, represents a premium of 27.7% to the last unaffected closing share price of Siemens Gamesa Renewable Energy of EUR 14.13 on May 17, the company noted. Following a successful closing of the transaction, Siemens Energy intends to pursue a delisting of SGRE from the Spanish stock exchanges, where it currently trades as a member of the IBEX 35 index. "The full integration of SGRE is an important milestone for Siemens Energy's positioning as a driver of the energy transition from fossil to sustainable energy solutions. This will benefit customers, employees, shareholders, and ultimately society. It is critical that the deteriorating situation at SGRE is being stopped as soon as possible, and the value-creating repositioning starts quickly. The Supervisory Board strongly supports the Executive Boards plans for the integration of SGRE," said Joe Kaeser, Chairman of the Supervisory Board of Siemens Energy AG. Reference Link
Siemens Gamesa price target lowered to EUR 19 from EUR 20 at Deutsche Bank » 15:0405/1905/19/22
Deutsche Bank analyst…
Deutsche Bank analyst Gael de-Bray lowered the firm's price target on Siemens Gamesa to EUR 19 from EUR 20 and keeps a Buy rating on the shares.
Siemens Gamesa upgraded to Hold from Reduce at HSBC » 04:5005/1905/19/22
HSBC analyst Sean…
HSBC analyst Sean McLoughlin upgraded Siemens Gamesa to Hold from Reduce with a EUR 16 price target.
Siemens Gamesa price target lowered to EUR 11 from EUR 14 at Morgan Stanley » 15:2805/0605/06/22
Morgan Stanley analyst…
Morgan Stanley analyst Katie Self lowered the firm's price target on Siemens Gamesa to EUR 11 from EUR 14 and keeps an Underweight rating on the shares.