Siemens (FRA:SIE) received a €120.00 ($139.53) target price from investment analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday, September 19th, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 21.05% from the stock’s previous close.
Other analysts also recently issued research reports about the company. Nord/LB set a €114.00 ($132.56) price target on Siemens and gave the company a “buy” rating in a research report on Thursday, August 1st. Oddo Bhf set a €98.00 ($113.95) price target on Siemens and gave the company a “neutral” rating in a research report on Friday, August 2nd. Independent Research set a €111.00 ($129.07) target price on Siemens and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Jefferies Financial Group set a €130.00 ($151.16) target price on Siemens and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Finally, UBS Group set a €120.00 ($139.53) target price on Siemens and gave the stock a “buy” rating in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of €119.57 ($139.04).
Shares of SIE traded up €2.64 ($3.07) during trading hours on Thursday, reaching €99.13 ($115.27). 2,572,712 shares of the company’s stock traded hands. The firm’s 50 day simple moving average is €93.70 and its 200-day simple moving average is €99.61. Siemens has a 12 month low of €101.40 ($117.91) and a 12 month 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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