Siemens (SIE) PT Set at €115.00 by JPMorgan Chase & Co.
Siemens (FRA:SIE) has been assigned a €115.00 ($133.72) price objective by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 16.57% from the company’s previous close.
Several other analysts have also weighed in on SIE. UBS Group reissued a “buy” rating and issued a price objective on shares of Siemens in a report on Monday, January 14th. Nord/LB set a €125.00 ($145.35) price objective on Siemens and gave the company a “buy” rating in a report on Thursday, November 8th. Independent Research set a €113.00 ($131.40) price objective on Siemens and gave the company a “neutral” rating in a report on Friday, November 30th. Bank of America set a €130.00 ($151.16) price objective on Siemens and gave the company a “buy” rating in a report on Wednesday, January 9th. Finally, Deutsche Bank set a €115.00 ($133.72) price objective on Siemens and gave the company a “neutral” rating in a report on Friday, November 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Siemens currently has an average rating of “Buy” and an average price target of €123.19 ($143.24).
Shares of FRA SIE traded down €0.78 ($0.91) during midday trading on Wednesday, reaching €98.65 ($114.71). 1,906,495 shares of the company’s stock were exchanged. Siemens has a 52-week low of €101.40 ($117.91) and a 52-week high of €133.39 ($155.10).
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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