Siemens (FRA:SIE) received a €127.00 ($147.67) price objective from JPMorgan Chase & Co. in a research note issued on Monday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 20.38% from the stock’s previous close.
Other research analysts have also issued reports about the company. Deutsche Bank set a €110.00 ($127.91) price objective on Siemens and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Royal Bank of Canada set a €108.00 ($125.58) price objective on Siemens and gave the stock a “neutral” rating in a report on Wednesday, May 8th. UBS Group set a €130.00 ($151.16) target price on Siemens and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Jefferies Financial Group set a €130.00 ($151.16) price objective on Siemens and gave the company a “buy” rating in a research note on Friday, May 10th. Finally, Citigroup set a €138.00 ($160.47) target price on Siemens and gave the stock a “buy” rating in a research report on Thursday, May 9th. One 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. Siemens currently has an average rating of “Buy” and an average target price of €121.45 ($141.22).
Shares of FRA SIE traded down €1.92 ($2.23) during mid-day trading on Monday, hitting €105.50 ($122.67). 2,272,333 shares of the stock traded hands. Siemens has a twelve month low of €101.40 ($117.91) and a twelve month high of €133.39 ($155.10).
Siemens Company Profile
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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