Siemens (ETR:SIE) Stock Upgrade
In a very recent research note published on 17 December, Jefferies & Company Inc. has increased shares of Siemens (ETR:SIE) stock to a solid Buy and has set a 52-week PT to EUR 110.00. This target is 24.52% from SIE’s current share price.
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 11.93% above today’s (€88.21) stock price. Siemens was the topic of 36 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on December 15 with “Neutral” rating. HSBC upgraded shares to “Buy” rating and €102 target share price in a report from a December 2. Citigroup upgraded SIE stock in a recent report from December 10 to “Buy” rating. Credit Suisse maintained the rating on November 18. Credit Suisse has a “Neutral” rating and a €96 price target on shares. Finally, Berenberg maintained the stock with “Hold” rating in a report issued on a December 9.
The stock increased 0.01% or EUR 0.01 on December 16, striking EUR 88.21. Approximately 2.06 million shares of stock traded hands. Siemens AG (ETR:SIE) has declined 60.00% since May 20, 2015 and is downtrending. It has underperformed by 57.38% the S&P500.
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 13.97 P/E ratio. It produces energy-efficient, resource-saving technologies.