JPMorgan Chase & Co. set a €124.00 ($144.19) target price on Siemens (FRA:SIE) in a research note issued to investors on Thursday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Several other analysts have also issued reports on the stock. Credit Suisse Group set a €143.00 ($166.28) price target on shares of Siemens and gave the stock a buy rating in a research report on Monday, June 3rd. Citigroup set a €138.00 ($160.47) price target on shares of Siemens and gave the stock a buy rating in a research report on Thursday, May 9th. Morgan Stanley set a €125.00 ($145.35) price target on shares of Siemens and gave the stock a buy rating in a research report on Tuesday, June 25th. Royal Bank of Canada set a €108.00 ($125.58) price target on shares of Siemens and gave the stock a neutral rating in a research report on Thursday, June 27th. Finally, Deutsche Bank set a €116.00 ($134.88) price target on shares of Siemens and gave the stock a neutral rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus target price of €120.67 ($140.31).
Shares of FRA:SIE opened at €92.15 ($107.15) on Thursday. The stock’s 50 day simple moving average is €102.13. Siemens has a 12-month low of €101.40 ($117.91) and a 12-month high of €133.39 ($155.10).
Siemens Company Profile
Siemens Aktiengesellschaft operates in the fields of electrification, automation, and digitalization worldwide. Its Power and Gas segment offers gas and steam turbines, generators, compressor trains, integrated power plant solutions, and instrumentation and control systems for power generation. The company's Energy Management segment offers software, products, systems, solutions, and services for transmitting, distributing, and managing electrical power, as well as for providing intelligent power infrastructure.
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