Siemens AG (SIE) Given Consensus Recommendation of “Buy” by Brokerages

Siemens AG (FRA:SIE) has been assigned a consensus recommendation of “Buy” from the twenty-one brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is €120.84 ($140.51).

A number of research firms have weighed in on SIE. JPMorgan Chase & Co. set a €115.00 ($133.72) target price on Siemens and gave the stock a “neutral” rating in a research report on Wednesday, January 9th. Nord/LB set a €125.00 ($145.35) target price on Siemens and gave the stock a “buy” rating in a research report on Tuesday, February 5th. UBS Group set a €130.00 ($151.16) target price on Siemens and gave the stock a “buy” rating in a research report on Thursday, February 7th. Deutsche Bank set a €110.00 ($127.91) price objective on Siemens and gave the company a “neutral” rating in a research report on Friday, January 18th. Finally, Jefferies Financial Group set a €140.00 ($162.79) price objective on Siemens and gave the company a “buy” rating in a research report on Wednesday, January 30th.

SIE traded down €0.12 ($0.14) during trading on Monday, reaching €103.74 ($120.63). The stock had a trading volume of 1,115,279 shares. Siemens has a 1-year low of €101.40 ($117.91) and a 1-year high of €133.39 ($155.10).

About Siemens

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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Analyst Recommendations for Siemens (FRA:SIE)

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