Siemens (FRA:SIE) Earns “Buy” Rating from DZ Bank
DZ Bank reiterated their buy rating on shares of Siemens (FRA:SIE) in a research note released on Monday morning, Borsen Zeitung reports.
A number of other analysts also recently weighed in on the company. Nord/LB set a €114.00 ($132.56) price objective on Siemens and gave the company a buy rating in a report on Thursday, August 1st. JPMorgan Chase & Co. reaffirmed a buy rating on shares of Siemens in a report on Friday, September 6th. Independent Research set a €111.00 ($129.07) price target on Siemens and gave the company a neutral rating in a research report on Thursday, August 1st. Morgan Stanley set a €125.00 ($145.35) price target on Siemens and gave the company a buy rating in a research note on Tuesday, June 25th. Finally, UBS Group set a €120.00 ($139.53) price objective on Siemens and gave the stock a buy rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of €119.48 ($138.93).
Shares of FRA:SIE opened at €97.37 ($113.22) on Monday. Siemens has a 52 week low of €101.40 ($117.91) and a 52 week high of €133.39 ($155.10). The firm’s fifty day moving average is €92.42 and its 200-day moving average is €99.56.
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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