|Bid||26.54 x 600|
|Ask||0.00 x 9300|
|Day's Range||25.78 - 26.78|
|52 Week Range||20.70 - 39.20|
|Beta (3Y Monthly)||1.08|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 13, 2019|
|Forward Dividend & Yield||1.00 (3.88%)|
|1y Target Est||40.10|
Germany's construction sector on Tuesday raised its outlook and now sees revenue growth of almost 9% in 2019, in a sign that the boom continues for one of the remaining growth drivers in Europe's biggest economy's as its manufacturing falters. "We still assess our industry's position as positive," Reinhard Quast, the head of Germany's ZDB construction industry group said in a statement, adding that the sector was currently the country's number one growth driver. ZDB lifted its revenue growth forecast in nominal terms for 2019 to 8.7% from a previously forecast 6% and sees a 5% increase in 2020.
Siemens has named former Osram and Bilfinger Chief Financial Officer Klaus Patzak as the new executive to oversee the separation and listing of its Gas and Power Business. Patzak will be responsible for setting up the new company, which Siemens plans to spin off and float on the stock exchange by September 2020, Siemens said on Wednesday. Michael Becker, the current CFO of the Gas and Power division will stay in his role and oversee the operational side of the business which comprises oil and gas, conventional power generation and power transmission.
While not a mind-blowing move, it is good to see that the Bilfinger SE (FRA:GBF) share price has gained 12% in the last three months. But that is little comfort to those holding over the last half decade, sitting on a big loss...
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