Siemens (FRA:SIE) received a €120.00 ($139.53) price target from equities research analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 24.08% from the stock’s current price.
A number of other equities research analysts have also recently commented on SIE. Credit Suisse Group set a €139.00 ($161.63) price target on shares of Siemens and gave the company a “buy” rating in a report on Friday, August 2nd. Oddo Bhf set a €98.00 ($113.95) target price on shares of Siemens and gave the stock a “neutral” rating in a report on Friday, August 2nd. UBS Group set a €120.00 ($139.53) target price on shares of Siemens and gave the stock a “buy” rating in a report on Wednesday, August 7th. Nord/LB set a €114.00 ($132.56) target price on shares of Siemens and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Deutsche Bank set a €105.00 ($122.09) target price on shares of Siemens and gave the stock a “buy” rating in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of €119.48 ($138.93).
Shares of FRA:SIE traded down €0.66 ($0.77) during trading on Thursday, reaching €96.71 ($112.45). 2,470,039 shares of the stock traded hands. The stock has a 50-day moving average of €92.42 and a two-hundred day moving average of €99.56. Siemens has a 52-week low of €101.40 ($117.91) and a 52-week high of €133.39 ($155.10).
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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