AlphaValue Reiterates Reduce Rating for Siemens AG (SIE)

Siemens AG (FRA: SIE)‘s stock had its “reduce” rating reaffirmed by AlphaValue in a research note issued on Thursday, Analyst Ratings.Net reports. They currently have a €82.80 ($107.53) target price on the stock.

Siemens AG (FRA: SIE) traded up 0.38% on Thursday, hitting €79.705. Siemens AG has a 1-year low of €62.16 and a 1-year high of €88.00. The stock’s 50-day moving average is currently €77.03.

SIE has been the subject of a number of other recent research reports. Analysts at Commerzbank Corporates & Markets upgraded shares of Siemens AG to an “add” rating in a research note to investors on Monday, June 3rd. They now have a €87.00 ($112.99) price target on the stock. Separately, analysts at Independent Research GmbH reiterated a “hold” rating on shares of Siemens AG in a research note to investors on Tuesday, May 28th. They now have a €84.00 ($109.09) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Siemens AG in a research note to investors on Wednesday, May 22nd. They now have a €72.00 ($93.51) price target on the stock.

Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of €83.10 ($107.92).

Siemens AG is an integrated technology company with activities in the fields of industry, energy and healthcare.

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