Siemens (SIE) Given a €117.00 Price Target at Independent Research

Independent Research set a €117.00 ($136.05) target price on Siemens (FRA:SIE) in a research note issued to investors on Friday morning. The firm currently has a neutral rating on the stock.

A number of other brokerages have also issued reports on SIE. Commerzbank set a €130.00 ($151.16) target price on shares of Siemens and gave the stock a buy rating in a research report on Thursday. Morgan Stanley set a €134.00 ($155.81) target price on shares of Siemens and gave the stock a buy rating in a research report on Tuesday. Kepler Capital Markets set a €135.00 ($156.98) target price on shares of Siemens and gave the stock a buy rating in a research report on Thursday, August 2nd. UBS Group set a €138.00 ($160.47) target price on shares of Siemens and gave the stock a buy rating in a research report on Friday, July 20th. Finally, Barclays restated a sell rating and set a target price on shares of Siemens in a research report on Wednesday. One investment 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. The stock presently has an average rating of Buy and an average price target of €128.55 ($149.48).

Shares of FRA:SIE traded down €1.18 ($1.37) on Friday, reaching €102.34 ($119.00). 2,697,445 shares of the company’s stock were exchanged. Siemens has a twelve month low of €101.40 ($117.91) and a twelve month high of €133.39 ($155.10).

About Siemens

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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