Citigroup Inc. Reaffirms Buy Rating for Siemens AG (SIE)
Siemens AG (FRA:SIE)‘s stock had its “buy” rating reaffirmed by stock analysts at Citigroup Inc. in a research note issued to investors on Thursday.
Several other equities analysts also recently commented on SIE. Berenberg Bank set a €95.00 ($105.56) target price on Siemens AG and gave the company a “neutral” rating in a research report on Thursday, June 16th. Commerzbank AG set a €96.00 ($106.67) target price on Siemens AG and gave the company a “neutral” rating in a research report on Friday, June 17th. Morgan Stanley set a €96.00 ($106.67) target price on Siemens AG and gave the company a “neutral” rating in a research report on Friday, June 17th. Nord/LB set a €106.00 ($117.78) target price on Siemens AG and gave the company a “buy” rating in a research report on Friday, June 17th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Siemens AG in a research note on Monday, June 20th. Ten analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of €109.09 ($121.21).
Shares of Siemens AG (FRA:SIE) opened at 102.639 on Thursday. The firm has a market capitalization of €83.09 billion and a PE ratio of 16.037. Siemens AG has a 1-year low of €79.36 and a 1-year high of €109.00. The stock has a 50 day moving average price of €105.52 and a 200 day moving average price of €97.61.
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About Siemens AG
Siemens AG is an integrated technology company with activities in the fields of industry, energy and healthcare. Siemens operates in six segments: Industry, Energy, Healthcare, Equity Investments, Siemens IT Solutions and Services and Siemens Financial Services (SFS). Industry, Energy and Healthcare are reported along with 14 divisions, which comprise the divisions, Industry Automation, Drive Technologies, Building Technologies, OSRAM, Industry Solutions and Mobility, belonging to the Industry Sector, the Divisions, Fossil Power Generation, Renewable Energy, Oil and Gas, Power Transmission and Power Distribution, belonging to the Energy Sector and the Divisions, Imaging and Information Technology (IT), Workflow and Solutions and Diagnostics, belonging to the Healthcare Sector.
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