Siemens AG (SIE) Receives €120.65 Average Price Target from Brokerages

Shares of Siemens AG (FRA:SIE) have earned a consensus rating of “Buy” from the twenty-one ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is €120.65 ($140.29).

A number of research firms have recently issued reports on SIE. JPMorgan Chase & Co. restated a “buy” rating on shares of Siemens in a research note on Monday, April 8th. Deutsche Bank set a €110.00 ($127.91) price target on Siemens and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. Royal Bank of Canada set a €108.00 ($125.58) price target on Siemens and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. UBS Group set a €130.00 ($151.16) price target on Siemens and gave the stock a “buy” rating in a research note on Wednesday. Finally, Citigroup set a €138.00 ($160.47) price target on Siemens and gave the stock a “buy” rating in a research note on Thursday.

Shares of SIE stock traded up €1.74 ($2.02) on Friday, reaching €107.02 ($124.44). The stock had a trading volume of 3,065,899 shares. Siemens has a 1 year low of €101.40 ($117.91) and a 1 year high of €133.39 ($155.10).

About Siemens

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.

See Also: What is a balanced fund?

Analyst Recommendations for Siemens (FRA:SIE)

Receive News & Ratings for Siemens Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Siemens and related companies with MarketBeat.com's FREE daily email newsletter.