Siemens (SIE) Receives Buy Rating from Citigroup

Citigroup reaffirmed their buy rating on shares of Siemens (FRA:SIE) in a research report released on Monday morning.

Several other equities research analysts have also recently weighed in on SIE. J P Morgan Chase & Co set a €123.00 ($146.43) price objective on Siemens and gave the stock a neutral rating in a report on Friday. Baader Bank set a €136.00 ($161.90) price objective on Siemens and gave the stock a buy rating in a report on Thursday, August 10th. Independent Research set a €124.00 ($147.62) price objective on Siemens and gave the stock a neutral rating in a report on Friday. Kepler Capital Markets set a €126.50 ($150.60) price objective on Siemens and gave the stock a neutral rating in a report on Wednesday, September 27th. Finally, S&P Global set a €145.00 ($172.62) price objective on Siemens and gave the stock a buy rating in a report on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the stock. Siemens has a consensus rating of Hold and an average price target of €129.19 ($153.80).

Siemens (SIE) traded down €1.20 ($1.43) during midday trading on Monday, reaching €113.45 ($135.06). The company’s stock had a trading volume of 2,592,089 shares. Siemens has a 1-year low of €105.34 ($125.40) and a 1-year high of €133.39 ($158.80).

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Siemens Company Profile

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 producing and transporting oil and gas.

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