Siemens (SIE) Given a €117.00 Price Target at Independent Research

Siemens (FRA:SIE) received a €117.00 ($144.44) target price from Independent Research in a research report issued to clients and investors on Friday, March 16th. The firm presently has a “neutral” rating on the stock. Independent Research’s price objective indicates a potential upside of 11.96% from the company’s previous close.

Several other brokerages have also recently commented on SIE. Barclays set a €110.00 ($135.80) target price on Siemens and gave the company a “sell” rating in a research note on Monday, January 15th. Societe Generale set a €135.00 ($166.67) target price on Siemens and gave the company a “buy” rating in a research note on Tuesday, March 13th. Nord/LB set a €125.00 ($154.32) price target on Siemens and gave the stock a “buy” rating in a research report on Monday, March 5th. UBS reaffirmed a “buy” rating and set a price target on shares of Siemens in a research report on Friday, November 17th. Finally, JPMorgan Chase set a €123.00 ($151.85) price objective on Siemens and gave the stock a “neutral” rating in a report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of €129.70 ($160.12).

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FRA:SIE traded down €0.20 ($0.25) during trading hours on Friday, reaching €104.50 ($129.01). The company had a trading volume of 2,433,151 shares. Siemens has a one year low of €101.40 ($125.19) and a one year high of €133.39 ($164.68).

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About Siemens

Siemens Aktiengesellschaft operates as a technology company worldwide. The company's Power and Gas segment offers gas and steam turbines, generators for gas or steam power plants, compressor trains, integrated power plant solutions, and instrumentation and control systems for power generation, and oil and gas production and transportation.

Analyst Recommendations for Siemens (FRA:SIE)

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