Siemens (FRA:SIE) Given a €113.00 Price Target at Morgan Stanley

Siemens (FRA:SIE) has been given a €113.00 ($131.40) target price by equities researchers at Morgan Stanley in a report released on Thursday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 12.35% from the stock’s previous close.

SIE has been the subject of a number of other research reports. DZ Bank reiterated a “buy” rating on shares of Siemens in a report on Monday, September 9th. JPMorgan Chase & Co. set a €116.00 ($134.88) price target on Siemens and gave the company a “buy” rating in a report on Monday. Credit Suisse Group set a €139.00 ($161.63) price target on Siemens and gave the company a “buy” rating in a report on Friday, August 2nd. UBS Group set a €120.00 ($139.53) price target on Siemens and gave the company a “buy” rating in a report on Wednesday, September 25th. Finally, HSBC set a €120.00 ($139.53) price target on Siemens and gave the company a “buy” rating in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the company. Siemens presently has a consensus rating of “Buy” and a consensus price target of €119.14 ($138.54).

Shares of FRA:SIE opened at €100.58 ($116.95) on Thursday. Siemens has a 1 year low of €101.40 ($117.91) and a 1 year high of €133.39 ($155.10). The business has a 50 day simple moving average of €94.95 and a two-hundred day simple moving average of €99.67.

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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