Siemens (SIE) Given a €122.00 Price Target at Commerzbank

Commerzbank set a €122.00 ($145.24) target price on Siemens (FRA:SIE) in a research note published on Friday morning. The firm currently has a neutral rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. Citigroup set a €135.00 ($160.71) price objective on shares of Siemens and gave the company a buy rating in a research report on Thursday. JPMorgan Chase & Co. restated a neutral rating on shares of Siemens in a research report on Wednesday. Societe Generale set a €135.00 ($160.71) price objective on shares of Siemens and gave the company a buy rating in a research report on Tuesday. Barclays set a €110.00 ($130.95) price objective on shares of Siemens and gave the company a sell rating in a research report on Monday, January 8th. Finally, Nord/LB set a €125.00 ($148.81) target price on shares of Siemens and gave the company a neutral rating in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of €129.82 ($154.55).

Siemens (FRA:SIE) traded up €1.82 ($2.17) during mid-day trading on Friday, hitting €122.44 ($145.76). 2,379,244 shares of the company’s stock were exchanged. Siemens has a 12-month low of €108.11 ($128.70) and a 12-month high of €133.39 ($158.80). The stock has a market capitalization of $103,390.00 and a PE ratio of 16.91.

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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 producing and transporting oil and gas.

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