Siemens AG (SIE) Receives Consensus Recommendation of “Buy” from Brokerages
Siemens AG (FRA:SIE) has been assigned a consensus recommendation of “Buy” from the twenty-two brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is €130.43 ($153.45).
SIE has been the topic of several recent analyst reports. Morgan Stanley restated a “neutral” rating and set a price objective on shares of Siemens AG in a research note on Thursday, April 27th. Goldman Sachs Group, Inc. (The) set a €107.00 ($125.88) target price on Siemens AG and gave the stock a “sell” rating in a research note on Friday, May 5th. Societe Generale set a €150.00 ($176.47) target price on Siemens AG and gave the stock a “buy” rating in a research note on Friday, May 5th. Berenberg Bank set a €140.00 ($164.71) target price on Siemens AG and gave the stock a “buy” rating in a research note on Tuesday, June 20th. Finally, Credit Suisse Group AG set a €135.00 ($158.82) target price on Siemens AG and gave the stock a “neutral” rating in a research note on Thursday, May 4th.
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Siemens AG (SIE) traded up 0.04% during trading on Tuesday, hitting €110.45. 5,344 shares of the company’s stock traded hands. Siemens AG has a 52-week low of €98.00 and a 52-week high of €133.39. The company’s 50 day moving average price is €117.43 and its 200 day moving average price is €123.60. The company has a market cap of €89.78 billion and a PE ratio of 15.40.
Siemens AG Company Profile
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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