Siemens AG (FRA:SIE) Given Average Rating of “Buy” by Brokerages
Shares of Siemens AG (FRA:SIE) have earned an average rating of “Buy” from the twenty-three ratings firms that are covering the firm. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is €107.55 ($119.49).
SIE has been the subject of several recent analyst reports. Nord/LB set a €106.00 ($117.78) target price on shares of Siemens AG and gave the company a “buy” rating in a research note on Friday, June 17th. HSBC set a €115.00 ($127.78) price objective on shares of Siemens AG and gave the stock a “buy” rating in a research report on Wednesday, June 8th. Goldman Sachs Group Inc. set a €108.00 ($120.00) price objective on shares of Siemens AG and gave the stock a “buy” rating in a research report on Wednesday, June 8th. DZ Bank AG restated a “buy” rating on shares of Siemens AG in a research report on Monday, June 20th. Finally, Societe Generale set a €110.00 ($122.22) price objective on shares of Siemens AG and gave the stock a “buy” rating in a research report on Monday, June 20th.
Shares of Siemens AG (FRA:SIE) traded up 1.96% on Friday, hitting €104.40. The stock had a trading volume of 8,230 shares. The company has a 50 day moving average of €105.80 and a 200-day moving average of €96.72. Siemens AG has a 12-month low of €77.99 and a 12-month high of €109.00. The firm has a market capitalization of €84.52 billion and a P/E ratio of 16.31.
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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