Siemens (SIE) Given Average Rating of “Buy” by Brokerages

Siemens (FRA:SIE) has been given an average recommendation of “Buy” by the twenty-one ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is €130.05 ($154.82).

SIE has been the topic of a number of recent research reports. Societe Generale set a €135.00 ($160.71) price objective on shares of Siemens and gave the company a “buy” rating in a research note on Tuesday, March 13th. Deutsche Bank set a €117.00 ($139.29) price objective on shares of Siemens and gave the company a “neutral” rating in a research note on Tuesday, March 27th. Nord/LB set a €125.00 ($148.81) price objective on shares of Siemens and gave the company a “buy” rating in a research note on Monday, March 5th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Siemens in a research note on Tuesday, February 27th. Finally, Independent Research set a €118.00 ($140.48) price objective on shares of Siemens and gave the company a “neutral” rating in a research note on Monday, March 5th.

Shares of FRA SIE traded down €1.46 ($1.74) during midday trading on Friday, reaching €116.34 ($138.50). 2,509,516 shares of the company’s stock traded hands. Siemens has a one year low of €101.40 ($120.71) and a one year high of €133.39 ($158.80).

Siemens Company Profile

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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