Royal Bank of Canada set a €135.00 ($158.82) price target on Siemens (FRA:SIE) in a research report released on Friday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other brokerages have also recently weighed in on SIE. Jefferies Financial Group set a €135.00 ($158.82) price objective on shares of Siemens and gave the stock a buy rating in a research note on Tuesday, September 8th. Independent Research set a €119.00 ($140.00) price objective on shares of Siemens and gave the stock a neutral rating in a research note on Thursday, September 3rd. Nord/LB set a €120.00 ($141.18) price objective on shares of Siemens and gave the stock a neutral rating in a research note on Thursday, September 3rd. JPMorgan Chase & Co. set a €126.00 ($148.24) price objective on shares of Siemens and gave the stock a buy rating in a research note on Tuesday, September 8th. Finally, Kepler Capital Markets set a €120.00 ($141.18) price target on shares of Siemens and gave the company a buy rating in a research report on Friday. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Siemens presently has a consensus rating of Buy and an average price target of €130.29 ($153.29).
Shares of Siemens stock opened at €111.68 ($131.39) on Friday. Siemens has a twelve month low of €101.40 ($119.29) and a twelve month high of €133.39 ($156.93). The company’s fifty day moving average is €116.59 and its 200 day moving average is €98.65.
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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