Siemens (FRA:SIE) Given a €112.00 Price Target at JPMorgan Chase & Co.

JPMorgan Chase & Co. set a €112.00 ($125.84) target price on Siemens (FRA:SIE) in a report released on Tuesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

Several other research analysts have also recently issued reports on SIE. Credit Suisse Group set a €145.00 ($162.92) price objective on Siemens and gave the stock a buy rating in a research note on Wednesday, June 24th. Deutsche Bank set a €100.00 ($112.36) target price on Siemens and gave the stock a buy rating in a report on Thursday, May 7th. DZ Bank reaffirmed a buy rating on shares of Siemens in a report on Friday, May 15th. Nord/LB set a €80.00 ($89.89) target price on Siemens and gave the stock a neutral rating in a report on Tuesday, May 12th. Finally, Morgan Stanley set a €90.00 ($101.12) target price on Siemens and gave the stock a neutral rating in a report on Wednesday, April 8th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Siemens has an average rating of Buy and an average price target of €111.19 ($124.93).

Shares of FRA:SIE opened at €104.76 ($117.71) on Tuesday. Siemens has a 52-week low of €101.40 ($113.93) and a 52-week high of €133.39 ($149.88). The business has a 50-day moving average price of €98.05 and a 200-day moving average price of €98.05.

Siemens Company Profile

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.

Further Reading: What does a hold rating mean?

Analyst Recommendations for Siemens (FRA:SIE)

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