JPMorgan Chase & Co. set a €120.00 ($139.53) target price on Siemens (FRA:SIE) in a research note released on Thursday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

Several other brokerages have also issued reports on SIE. DZ Bank restated a buy rating on shares of Siemens in a research report on Monday. UBS Group set a €120.00 ($139.53) target price on shares of Siemens and gave the company a buy rating in a research report on Wednesday, August 7th. Jefferies Financial Group set a €130.00 ($151.16) target price on shares of Siemens and gave the company a buy rating in a research report on Tuesday, June 4th. Oddo Bhf set a €98.00 ($113.95) target price on shares of Siemens and gave the company a neutral rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada set a €108.00 ($125.58) target price on shares of Siemens and gave the company a neutral rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of €119.33 ($138.76).

Shares of SIE stock traded up €0.21 ($0.24) during trading hours on Thursday, reaching €96.92 ($112.70). The company had a trading volume of 1,962,038 shares. The business has a fifty day moving average price of €92.42 and a 200-day moving average price of €99.56. Siemens has a one year low of €101.40 ($117.91) and a one year high of €133.39 ($155.10).

About Siemens

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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Analyst Recommendations for Siemens (FRA:SIE)

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