Siemens (SIE) Given a €108.00 Price Target by Royal Bank of Canada Analysts

Siemens (FRA:SIE) has been given a €108.00 ($125.58) target price by equities research analysts at Royal Bank of Canada in a report issued on Thursday. The firm currently has a “neutral” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 16.39% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Jefferies Financial Group set a €140.00 ($162.79) price target on shares of Siemens and gave the company a “buy” rating in a report on Wednesday, October 17th. UBS Group set a €130.00 ($151.16) price target on shares of Siemens and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. set a €115.00 ($133.72) price target on shares of Siemens and gave the company a “neutral” rating in a report on Wednesday. Commerzbank set a €130.00 ($151.16) price target on shares of Siemens and gave the company a “buy” rating in a report on Thursday, November 8th. Finally, Cfra set a €110.00 ($127.91) price target on shares of Siemens and gave the company a “neutral” rating in a report on Thursday, November 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of €120.95 ($140.64).

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FRA:SIE traded down €2.62 ($3.05) during mid-day trading on Thursday, hitting €92.79 ($107.90). The company’s stock had a trading volume of 3,367,020 shares. Siemens has a 1 year low of €101.40 ($117.91) and a 1 year high of €133.39 ($155.10).

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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