Siemens (ETR:SIE) Shareholders Are Liking The News That JP Morgan Chase & Co. Has Reiterated Their Neutral Rating on the Stock

Share

Siemens (ETR:SIE) Rating Reaffirmed

Siemens (ETR:SIE) has had their stock rating restated as a solid Neutral by stock research analysts at JP Morgan Chase & Co.. This was unveiled in a recent report on 15 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 14.47% above today’s (€86.25) stock price. Siemens was the topic of 35 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Independent Research maintained shares on December 12 with “Hold” rating. HSBC upgraded shares to “Buy” rating and €102 target share price in a report from a December 2. Barclays Capital downgraded SIE stock in a recent report from December 10 to “Underweight” rating. Credit Suisse maintained the rating on November 18. Credit Suisse has a “Neutral” rating and a €96 price target on shares. Finally, JP Morgan maintained the stock with “Neutral” rating in a report issued on a December 5.

The stock decreased 1.71% or EUR 1.5 on December 14, striking EUR 86.25. Approximately 2.66 million shares of stock traded hands or 22.58% up from the average. Siemens AG (ETR:SIE) has declined 50.00% since May 18, 2015 and is downtrending. It has underperformed by 45.58% the S&P500.

Siemens (ETR:SIE) Shareholders Are Liking The News That JP Morgan Chase & Co. Has Reiterated Their Neutral Rating on the Stock

Siemens AG is a global technology powerhouse. The company has a market cap of 75.99 billion EUR. The Firm is active in more than 200 countries, focusing on the areas of electrification, automation and digitalization. It has 13.66 P/E ratio. It produces energy-efficient, resource-saving technologies.

COMMENTS: