Siemens (FRA:SIE) Given a €105.00 Price Target by Deutsche Bank Analysts

Siemens (FRA:SIE) received a €105.00 ($122.09) price target from Deutsche Bank in a research note issued on Thursday, September 5th, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective indicates a potential upside of 7.92% from the stock’s previous close.

Several other analysts have also recently weighed in on the stock. Citigroup set a €138.00 ($160.47) price objective on shares of Siemens and gave the stock a “buy” rating in a research note on Thursday, May 9th. UBS Group set a €120.00 ($139.53) price target on shares of Siemens and gave the company a “buy” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. set a €120.00 ($139.53) price target on shares of Siemens and gave the company a “buy” rating in a research note on Wednesday, August 28th. Credit Suisse Group set a €139.00 ($161.63) price target on shares of Siemens and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada set a €108.00 ($125.58) price objective on shares of Siemens and gave the company a “neutral” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of €119.33 ($138.76).

FRA SIE opened at €97.29 ($113.13) on Thursday. Siemens has a twelve month low of €101.40 ($117.91) and a twelve month high of €133.39 ($155.10). The company’s 50-day simple moving average is €92.42 and its 200 day simple moving average is €99.56.

About Siemens

Siemens Aktiengesellschaft operates in the fields of electrification, automation, and digitalization worldwide. Its Power and Gas segment offers gas and steam turbines, generators, compressor trains, integrated power plant solutions, and instrumentation and control systems for power generation. The company's Energy Management segment offers software, products, systems, solutions, and services for transmitting, distributing, and managing electrical power, as well as for providing intelligent power infrastructure.

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