Siemens (FRA:SIE) Given a €116.00 Price Target by Independent Research Analysts

Independent Research set a €116.00 ($134.88) price objective on Siemens (FRA:SIE) in a report released on Wednesday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

SIE has been the topic of a number of other research reports. DZ Bank reiterated a buy rating on shares of Siemens in a research report on Friday, November 8th. Bank of America set a €133.00 ($154.65) price target on Siemens and gave the company a buy rating in a research report on Thursday, October 10th. Commerzbank set a €133.00 ($154.65) price target on Siemens and gave the company a buy rating in a research report on Thursday, November 7th. HSBC set a €120.00 ($139.53) price target on Siemens and gave the company a buy rating in a research report on Tuesday, November 5th. Finally, Royal Bank of Canada set a €108.00 ($125.58) price target on Siemens and gave the company a neutral rating in a research report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Siemens currently has an average rating of Buy and a consensus price target of €120.67 ($140.31).

SIE stock traded up €0.18 ($0.21) during midday trading on Wednesday, reaching €114.76 ($133.44). 1,639,798 shares of the stock were exchanged. The company has a fifty day moving average price of €102.32 and a 200 day moving average price of €100.47. Siemens has a 52 week low of €101.40 ($117.91) and a 52 week high of €133.39 ($155.10).

Siemens Company Profile

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.

Further Reading: What is the price-to-earnings growth (PEG) ratio?

Analyst Recommendations for Siemens (FRA:SIE)

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