FRANKFURT (dpa-AFX) - Positive analyst comments boosted Siemens Energy shares on Monday. With a price increase of 4.70 percent to 14.36 euros, the shares topped the DAX.

Analyst Virginia Sanz De Madrid from the Spanish bank Santander raised the target price for the shares from 14 to 19 euros and subsequently upgraded them from "Neutral" to "Outperform".

Vlad Sergievskii, analyst at the British Barclays Bank, does not see quite as much scope for the share price in the medium term, but also became more confident with a target price increase from 15 to 16 euros. He continues to rate the shares as "overweight". The business environment in the Gas & Power segment remains good and there has been no new bad news about the wind business, the expert wrote in a study. The latter is even taking small steps in the right direction. In addition, the balance sheet risks have eased.

After a minor setback at the end of last week, Siemens Energy shares continued their recovery with Monday's gains. A high since August 2023 awaited above EUR 14.635.

At the end of October, the share price had fallen to 4.6 euros. At that time, it had become known that the company was dependent on billions of euros in counter-guarantees from the state to secure major orders./mis/nas/stk