Siemens AG (SIE) Given Average Rating of “Buy” by Brokerages
Shares of Siemens AG (FRA:SIE) have received an average recommendation of “Buy” from the twenty-two research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is €130.43 ($155.27).
A number of research firms have recently commented on SIE. UBS AG set a €131.00 ($155.95) target price on Siemens AG and gave the stock a “buy” rating in a research report on Friday, May 19th. Baader Bank set a €136.00 ($161.90) target price on Siemens AG and gave the stock a “buy” rating in a research report on Thursday, August 10th. DZ Bank AG reiterated a “buy” rating on shares of Siemens AG in a research report on Friday, August 4th. Citigroup Inc. set a €135.00 ($160.71) target price on Siemens AG and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, Morgan Stanley set a €120.00 ($142.86) target price on Siemens AG and gave the stock a “neutral” rating in a research report on Friday, August 4th.
Shares of Siemens AG (FRA:SIE) traded down 0.585% on Friday, hitting €112.337. The stock had a trading volume of 3,040 shares. Siemens AG has a 12-month low of €98.00 and a 12-month high of €133.39. The company has a market cap of €91.31 billion and a price-to-earnings ratio of 15.661. The stock has a 50 day moving average price of €112.68 and a 200-day moving average price of €122.51.
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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