Siemens Downgraded to “Neutral” at Bank of America Corp. (SI)
Siemens (NYSE:SI) was downgraded by analysts at Bank of America Corp. to a “neutral” rating in a research report issued to clients and investors on Friday, Analyst Ratings Network.com reports.
Several other analysts have also recently commented on the stock. Analysts at Banco Sabadell downgraded shares of Siemens from a “buy” rating to a “sell” rating in a research note to investors on Thursday, November 14th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Siemens in a research note to investors on Wednesday, November 13th. They now have a $134.00 price target on the stock. Finally, analysts at UBS AG downgraded shares of Siemens from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. Siemens has a consensus rating of “Hold” and a consensus target price of $123.85.
Shares of Siemens (NYSE:SI) opened at 133.79 on Friday. Siemens has a 52 week low of $98.69 and a 52 week high of $139.28. The stock’s 50-day moving average is $132.6 and its 200-day moving average is $119.9. The company has a market cap of $112.8 billion and a P/E ratio of 20.59.
The company also recently declared a annual dividend, which is scheduled for Wednesday, February 5th. Stockholders of record on Tuesday, January 28th will be given a dividend of 4.0686 per share. This represents a yield of 3.19%. The ex-dividend date of this dividend is Wednesday, January 29th.
Siemens AG is engaged in electronics and electrical engineering. The Company is an integrated technology company with activities in the fields of industry, energy and healthcare.
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