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Rumors about a partial sale of the Indian business and government guarantees are supporting Siemens Energy's share price - analysts recommend buying
According to a report from www.wallstreet-online.de, rumors about a possible partial sale of the Indian business to Siemens and up to eight billion euros in government guarantees supported Siemens Energy's share price. Analysts believe the price fall is exaggerated and continue to recommend buying the stock. According to Goldman Sachs analyst Ajay Patel, his “Buy” recommendation for the stock remains, although he has lowered his price target to 20.50 euros. Volker Stoll from LBBW is also optimistic about the future of the energy technology group and has raised his rating from “Hold” to “Buy”. He justifies this by saying that classic energy technology offers solid prospects in the context of the energy transition. …
Rumors about a partial sale of the Indian business and government guarantees are supporting Siemens Energy's share price - analysts recommend buying
According to a report by www.wallstreet-online.de Rumors of a possible partial sale of the Indian business to Siemens and up to eight billion euros in government guarantees supported Siemens Energy's share price. Analysts believe the price fall is exaggerated and continue to recommend buying the stock.
According to Goldman Sachs analyst Ajay Patel, his “Buy” recommendation for the stock remains, although he has lowered his price target to 20.50 euros. Volker Stoll from LBBW is also optimistic about the future of the energy technology group and has raised his rating from “Hold” to “Buy”. He justifies this by saying that classic energy technology offers solid prospects in the context of the energy transition.
Despite these positive assessments, Siemens Energy shares remain at the bottom of the DAX with a loss of over 50 percent since the beginning of the year. Investors' concerns are still present, although index expert Luca Thorißen sees no danger for the company of leaving the DAX in the extraordinary review in December.
Users in the Siemens Energy share forum are annoyed by the developments, while others see a good buying opportunity.
Now to the analysis: The possible partial sale of the Indian business to Siemens and the government guarantees can potentially have positive effects on the market and the financial sector. Through the partial sale, Siemens Energy could receive financial support and possibly strengthen its capital base. The government guarantees could strengthen investor confidence in the company and help Siemens Energy to obtain loans on more favorable terms.
These measures could boost Siemens Energy's share price and lead to a recovery. However, it should be noted that the market and the financial industry depend on many factors and therefore there is no guarantee of any specific impact.
It remains to be seen how the situation will develop and whether the measures to stabilize Siemens Energy are successful.
Source: According to a report by www.wallstreet-online.de
Read the source article at www.wallstreet-online.de