Siemens (ETR:SIE) Rating Reaffirmed
In a note issued by JP Morgan Chase & Co. on Saturday morning, The Rating on Siemens (ETR:SIE) shares of a ‘Neutral’ was has reaffirmed.
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 7.07% above today’s (€92.09) stock price. Siemens was the topic of 30 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. HSBC upgraded shares on December 2 to “Buy” rating. Credit Suisse maintained shares with “Neutral” rating and €96 target share price in a report from a November 18. JP Morgan maintained SIE stock in a recent report from November 17 with “Neutral” rating. Independent Research maintained the rating on November 13. Independent Research has a “Hold” rating and a €100 price target on shares. Finally, Morgan Stanley downgraded the stock to “Underweight” rating in a report issued on a November 14.
The stock increased 0.21% or EUR 0.19 on December 4, striking EUR 92.09. Approximately 3.18M shares of stock traded hands or 55.88% up from the average. Siemens AG (ETR:SIE) has declined 25.00% since May 8, 2015 and is downtrending. It has underperformed by 22.22% the S&P500.
Siemens AG is a global technology powerhouse. The company has a market cap of 81.13 billion EUR. The Firm is active in more than 200 countries, focusing on the areas of electrification, automation and digitalization. It has 14.56 P/E ratio. It produces energy-efficient, resource-saving technologies.