HSBC Reiterates €130.00 Price Target for Siemens (FRA:SIE)
HSBC set a €130.00 ($151.16) target price on Siemens (FRA:SIE) in a research report report published on Thursday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other equities analysts have also issued reports on the stock. Deutsche Bank set a €140.00 ($162.79) price target on shares of Siemens and gave the company a buy rating in a report on Tuesday, November 19th. Morgan Stanley set a €113.00 ($131.40) price objective on Siemens and gave the stock a buy rating in a research note on Wednesday, November 6th. Royal Bank of Canada set a €108.00 ($125.58) target price on Siemens and gave the stock a neutral rating in a report on Thursday, November 7th. JPMorgan Chase & Co. set a €127.00 ($147.67) target price on Siemens and gave the stock a buy rating in a report on Monday, November 25th. Finally, UBS Group set a €127.00 ($147.67) target price on Siemens and gave the company a buy rating in a research note on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of €125.13 ($145.50).
SIE traded up €0.66 ($0.77) during mid-day trading on Thursday, hitting €116.80 ($135.81). The stock had a trading volume of 1,700,605 shares. The stock’s fifty day simple moving average is €110.33 and its 200-day simple moving average is €101.53. Siemens has a 1-year low of €101.40 ($117.91) and a 1-year 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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