Siemens (SIE) Target Price Issued at €120.00 by JPMorgan Chase & Co.

Siemens (SIE) Target Price Issued at €120.00 by JPMorgan Chase & Co.

Siemens (FRA:SIE) has been given a €120.00 ($139.53) price target by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 22.86% from the stock’s previous close.

Several other equities research analysts have also commented on the stock. Barclays restated a “sell” rating and set a target price on shares of Siemens in a research report on Wednesday, November 7th. Jefferies Financial Group set a €140.00 ($162.79) price objective on shares of Siemens and gave the stock a “buy” rating in a research report on Monday, November 12th. UBS Group set a €138.00 ($160.47) price objective on shares of Siemens and gave the stock a “buy” rating in a research report on Thursday, October 18th. Citigroup set a €137.00 ($159.30) price objective on shares of Siemens and gave the stock a “buy” rating in a research report on Thursday, September 27th. Finally, HSBC set a €123.00 ($143.02) price objective on shares of Siemens and gave the stock a “neutral” rating in a research report on Tuesday, October 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of €125.95 ($146.45).

Shares of FRA SIE opened at €97.67 ($113.57) on Wednesday. Siemens has a one year low of €101.40 ($117.91) and a one year high of €133.39 ($155.10).

About Siemens

Siemens Aktiengesellschaft operates as a technology company worldwide. The company's Power and Gas segment offers gas and steam turbines, generators for gas or steam power plants, compressor trains, integrated power plant solutions, and instrumentation and control systems for power generation, and oil and gas production and transportation.

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