Siemens (SIE) PT Set at €130.00 by Commerzbank
Siemens (FRA:SIE) received a €130.00 ($151.16) price target from investment analysts at Commerzbank in a report released on Thursday. The brokerage presently has a “buy” rating on the stock. Commerzbank’s price target suggests a potential upside of 27.03% from the stock’s previous close.
Several other analysts have also weighed in on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Siemens in a research note on Thursday, August 23rd. Citigroup set a €137.00 ($159.30) price objective on shares of Siemens and gave the company a “buy” rating in a research note on Thursday, September 27th. UBS Group set a €138.00 ($160.47) price objective on shares of Siemens and gave the company a “buy” rating in a research note on Friday, August 10th. Barclays set a €105.00 ($122.09) price objective on shares of Siemens and gave the company a “sell” rating in a research note on Friday, August 31st. Finally, HSBC set a €123.00 ($143.02) price objective on shares of Siemens and gave the company a “neutral” rating in a research note on Tuesday, October 2nd. 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’s stock. Siemens currently has a consensus rating of “Buy” and an average price target of €128.55 ($149.48).
FRA:SIE opened at €102.34 ($119.00) on Thursday. Siemens has a twelve month low of €101.40 ($117.91) and a twelve month high of €133.39 ($155.10).
Siemens Aktiengesellschaft operates as a technology company worldwide. The company's Power and Gas segment offers gas and steam turbines, generators for gas or steam power plants, compressor trains, integrated power plant solutions, and instrumentation and control systems for power generation, and oil and gas production and transportation.
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