JPMorgan Chase & Co. Reaffirms Buy Rating for Siemens (FRA:SIE)
Several other analysts have also recently weighed in on SIE. DZ Bank reissued a “buy” rating on shares of Siemens in a report on Thursday, May 23rd. Jefferies Financial Group began coverage on ADMA Biologics in a report on Tuesday, June 4th. They set a “buy” rating and a $8.00 price target for the company. Morgan Stanley set a €125.00 ($145.35) price target on Siemens and gave the stock a “buy” rating in a report on Tuesday, June 25th. UBS Group cut Telstra from a “buy” rating to a “neutral” rating in a report on Monday, July 1st. Finally, Credit Suisse Group dropped their price target on FOX from $51.00 to $45.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company. Siemens has an average rating of “Buy” and an average target price of €123.05 ($143.08).
FRA:SIE traded down €1.09 ($1.27) during mid-day trading on Tuesday, hitting €99.69 ($115.92). 2,662,371 shares of the stock were exchanged. The stock’s 50-day moving average price is €104.20. Siemens has a fifty-two week low of €101.40 ($117.91) and a fifty-two 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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