Royal Bank of Canada Analysts Give Siemens (SIE) a €108.00 Price Target
Siemens (FRA:SIE) has been assigned a €108.00 ($125.58) target price by equities research analysts at Royal Bank of Canada in a research note issued on Tuesday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 0.73% from the stock’s current price.
Several other equities analysts have also recently weighed in on the company. UBS Group set a €130.00 ($151.16) price target on Siemens and gave the company a “buy” rating in a research report on Thursday, March 28th. Deutsche Bank set a €116.00 ($134.88) price objective on Siemens and gave the company a “neutral” rating in a research note on Monday. Morgan Stanley set a €119.00 ($138.37) price objective on Siemens and gave the company a “buy” rating in a research note on Wednesday, May 8th. Jefferies Financial Group set a €140.00 ($162.79) price objective on Siemens and gave the company a “buy” rating in a research note on Wednesday, January 30th. Finally, JPMorgan Chase & Co. set a €118.00 ($137.21) price objective on Siemens and gave the company a “buy” rating in a research note on Tuesday, February 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of €122.85 ($142.85).
FRA:SIE traded up €1.72 ($2.00) during trading hours on Tuesday, reaching €107.22 ($124.67). The stock had a trading volume of 2,570,742 shares. Siemens has a 12-month low of €101.40 ($117.91) and a 12-month 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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