Siemens : Deutsche Bank raises TP
(CercleFinance.com) - Deutsche Bank announced on Tuesday that it had raised its target price for Siemens shares from E200 to E210, believing that the German industrial group's business could soon be "running at full speed".
The broker - which maintains its buy recommendation on the stock - says that with the end of the slowdown that recently hit the industrial automation sector, Siemens could be back to operating at full tube by the end of its current fiscal year, to end-September 2025.
Given the group's market share momentum in the sector, the conglomerate is well positioned to take advantage of the recovery in the industrial automation systems market expected next year, while continuing to benefit from undiminished growth in the electrification businesses, the analyst continues.
What's more, with a 2025 P/E of 17.8x, Siemens is currently the 'cheapest' stock in the broader automation and electrical infrastructure sector, he points out.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The broker - which maintains its buy recommendation on the stock - says that with the end of the slowdown that recently hit the industrial automation sector, Siemens could be back to operating at full tube by the end of its current fiscal year, to end-September 2025.
Given the group's market share momentum in the sector, the conglomerate is well positioned to take advantage of the recovery in the industrial automation systems market expected next year, while continuing to benefit from undiminished growth in the electrification businesses, the analyst continues.
What's more, with a 2025 P/E of 17.8x, Siemens is currently the 'cheapest' stock in the broader automation and electrical infrastructure sector, he points out.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.