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Siemens (ETR:SIE) Stock Upgrade

HSBC hiked shares of Siemens (ETR:SIE) to a “Buy” rating in a very recent research note issued to clients on Wednesday morning. The financial company currently has a EUR 102.00 target PPS on shares.

From a total of 13 analysts covering Siemens (ETR:SIE) stock, 6 rate it a ”Buy”, 2 a “Sell”, and 5 a ”Hold”. This means that 46% of the ratings are positive. The highest target price is €110 while the lowest target price is €85. The mean of all analyst targets is €98.60 with a 1.71% above today’s (€96.94) stock price. Siemens was the topic of 29 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Credit Suisse maintained shares on December 1 with “Neutral” rating. Credit Suisse maintained shares with “Neutral” rating and €96 target share price in a report from a November 18. Landesbank upgraded SIE stock in a recent report from November 14 to “Buy” rating. S&P Research maintained the rating on November 13. S&P Research has a “Hold” rating and a €100 price target on shares. Finally, Independent Research maintained the stock with “Hold” rating in a report issued on a November 13.

The stock decreased 1.22% or EUR 1.2 on December 1, striking EUR 96.94. Approximately 1.78M shares of stock traded hands. Siemens AG (ETR:SIE) has declined 25.00% since May 5, 2015 and is downtrending. It has underperformed by 23.38% the S&P500.

 Is Siemens (ETR:SIE) Now a ‘Buy’? HSBC Upgrades Stock

Siemens AG is a global technology powerhouse. The company has a market cap of 84.30 billion EUR. The Firm is active in more than 200 countries, focusing on the areas of electrification, automation and digitalization. It has 15.32 P/E ratio. It produces energy-efficient, resource-saving technologies.

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