Morgan Stanley set a €122.00 ($141.86) price objective on Siemens (FRA:SIE) in a report released on Thursday, January 9th, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
A number of other equities analysts also recently weighed in on the stock. HSBC set a €130.00 ($151.16) price target on shares of Siemens and gave the stock a buy rating in a research note on Thursday, December 5th. Bank of America set a €142.00 ($165.12) price target on shares of Siemens and gave the stock a buy rating in a research note on Wednesday, January 8th. DZ Bank reissued a buy rating on shares of Siemens in a research note on Friday, November 8th. Nord/LB set a €114.00 ($132.56) target price on shares of Siemens and gave the company a neutral rating in a research note on Friday, November 8th. Finally, UBS Group set a €127.00 ($147.67) target price on shares of Siemens and gave the company a buy rating in a research note on Tuesday, December 10th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of €126.12 ($146.65).
SIE traded up €0.32 ($0.37) on Thursday, reaching €116.06 ($134.95). The company had a trading volume of 1,594,578 shares. The stock has a 50-day moving average price of €117.13 and a 200-day moving average price of €104.04. 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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