Morgan Stanley set a €113.00 ($131.40) price objective on Siemens (FRA:SIE) in a report published on Thursday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
A number of other analysts have also issued reports on SIE. DZ Bank reissued a buy rating on shares of Siemens in a research report on Monday, September 9th. Independent Research set a €111.00 ($129.07) price target on shares of Siemens and gave the stock a neutral rating in a research report on Thursday, August 1st. Oddo Bhf set a €98.00 ($113.95) price target on shares of Siemens and gave the stock a neutral rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. set a €116.00 ($134.88) price target on shares of Siemens and gave the stock a buy rating in a research report on Monday, October 14th. Finally, Credit Suisse Group set a €139.00 ($161.63) price target on shares of Siemens and gave the stock a buy rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of €119.14 ($138.54).
FRA SIE opened at €99.77 ($116.01) on Thursday. The company has a 50 day simple moving average of €95.38 and a 200-day simple moving average of €99.71. 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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