Siemens : Deutsche Bank raises its target

(CercleFinance.com) - Deutsche Bank announced on Tuesday that it had raised its price target for Siemens from €200 to €210, believing that the German industrial group's business could soon be "running at full speed".


The research firm - which is maintaining 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, which runs to the end of 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 published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.