Royal Bank of Canada set a €108.00 ($125.58) price objective on Siemens (FRA:SIE) in a research note released on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Several other equities analysts also recently commented on SIE. Deutsche Bank set a €110.00 ($127.91) target price on shares of Siemens and gave the stock a neutral rating in a report on Wednesday, May 8th. Credit Suisse Group set a €143.00 ($166.28) target price on shares of Siemens and gave the stock a buy rating in a report on Tuesday. JPMorgan Chase & Co. set a €127.00 ($147.67) target price on shares of Siemens and gave the stock a buy rating in a report on Monday, May 20th. Citigroup set a €138.00 ($160.47) target price on shares of Siemens and gave the stock a buy rating in a report on Thursday, May 9th. Finally, Independent Research set a €120.00 ($139.53) target price on shares of Siemens and gave the stock a neutral rating in a report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Siemens currently has a consensus rating of Buy and a consensus price target of €122.85 ($142.85).
SIE stock opened at €105.22 ($122.35) on Tuesday. Siemens has a one year low of €101.40 ($117.91) and a one year high of €133.39 ($155.10).
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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