Barclays Research analysts raised their price target for Siemens Aktiengesellschaft (OTCMKTS: SIEGY) in a report that was released on Friday. The new price target is €94.00 ($96.91), up from €90.00 ($92.78). The brokerage company’s rating for the technology company’s stock is “underweight” at the moment.
There have been numerous pieces written regarding the stock by various analysts. The “buy” recommendation that Societe Generale had previously assigned to Siemens Aktiengesellschaft was changed to a “hold” rating in a report published on Friday, October 14th. Deutsche Bank Aktiengesellschaft lowered their price objective on Siemens Aktiengesellschaft in a research report published on Wednesday, October 5th. The new price target is €145.00 ($149.48), down from €160.00 ($164.95). Three analysts recommend selling the stock, one recommends holding onto it, and five recommend buying it. According to data provided by Bloomberg, the consensus regarding the price objective for Siemens Aktiengesellschaft is set at $152.50, and the average rating for the company is “Hold.”
On Friday, shares of Siemens Aktiengesellschaft increased by $4.27, bringing their price to $67.33. A total of 279,828 shares were exchanged over their typical volume of 187,312. A debt-to-equity ratio of 0.81, a quick ratio of 1.33, and a current ratio of 1.33 are all comparable. The lowest price that Siemens Aktiengesellschaft has been at in the past year is $46.37, while its highest price has been $89.66. The moving average of the stock over the past fifty days is $53.56, and the moving average over the past two hundred days is $55.23. The company’s market capitalization is currently at $114.46 billion, its price-to-earnings ratio is 41.82, its price-to-earnings-growth ratio is 1.81, and its beta is 1.12.
In addition to having activities in Europe, the Commonwealth of Independent States, Africa, the Middle East, the Americas, and Asia, Siemens Aktiengesellschaft also has a presence in Australia. Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, and Siemens Financial Services are the company’s five business segments.
Read More: Barclays raises its price target on Siemens Aktiengesellschaft (OTCMKTS:SIEGY) to €94.00.