Today Independent Research GmbH Reaffirms a “Hold” Rating on Siemens (ETR:SIE) and a EUR 100.00 Target Price

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Siemens (ETR:SIE) Rating Reaffirmed

Expert analysts at Independent Research GmbH now has a EUR 100.00 target price on Siemens (ETR:SIE). Independent Research GmbH and their recent target price provides a potential upside of 13.79% from the company’s previous stock close. The rating has been revealed to investors in an analyst note on 12 December.

From a total of 15 analysts covering Siemens (ETR:SIE) stock, 7 rate it a ”Buy”, 2 a “Sell”, and 6 a ”Hold”. This means that 47% 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 €98.73 with a 12.51% above today’s (€87.75) stock price. Siemens was the topic of 34 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Citigroup upgraded shares on December 10 to “Buy” rating. Credit Suisse maintained shares with “Neutral” rating and €96 target share price in a report from a November 18. Berenberg maintained SIE stock in a recent report from December 9 with “Hold” rating. JP Morgan maintained the rating on November 17. JP Morgan has a “Neutral” rating and a €101 price target on shares. Finally, HSBC upgraded the stock to “Buy” rating in a report issued on a December 2.

The stock decreased 2.08% or EUR 1.86 on December 11, striking EUR 87.75. Approximately 2.84 million shares of stock traded hands or 32.71% up from the average. Siemens AG (ETR:SIE) has declined 50.00% since May 14, 2015 and is downtrending. It has underperformed by 46.98% the S&P500.

Today Independent Research GmbH Reaffirms a

Siemens AG is a global technology powerhouse. The company has a market cap of 78.04 billion EUR. The Firm is active in more than 200 countries, focusing on the areas of electrification, automation and digitalization. It has 13.9 P/E ratio. It produces energy-efficient, resource-saving technologies.

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