Siemens (ETR:SIE) Stock Upgrade
Citigroup Corp. boosted the rating on Siemens (ETR:SIE) shares to a “Buy”. This change in their rating was just announced in an interesting research report earlier today.
From a total of 14 analysts covering Siemens (ETR:SIE) stock, 6 rate it a ”Buy”, 2 a “Sell”, and 6 a ”Hold”. This means that 43% 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 €98.27 with a 8.63% above today’s (€90.46) stock price. Siemens was the topic of 32 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Berenberg maintained shares on December 9 with “Hold” rating. Credit Suisse maintained shares with “Neutral” rating and €96 target share price in a report from a November 18. HSBC upgraded SIE stock in a recent report from December 2 to “Buy” rating. JP Morgan maintained the rating on November 17. JP Morgan has a “Neutral” rating and a €101 price target on shares. Finally, Landesbank upgraded the stock to “Buy” rating in a report issued on a November 14.
The stock decreased 0.34% or EUR 0.31 on December 9, striking EUR 90.46. Approximately 2.50 million shares of stock traded hands or 19.62% up from the average. Siemens AG (ETR:SIE) has declined 50.00% since May 13, 2015 and is downtrending. It has underperformed by 49.20% the S&P500.
Siemens AG is a global technology powerhouse. The company has a market cap of 81.64 billion EUR. The Firm is active in more than 200 countries, focusing on the areas of electrification, automation and digitalization. It has 14.3 P/E ratio. It produces energy-efficient, resource-saving technologies.