J.P. Morgan Sticks to Their Buy Rating for Siemens (0P6M)

J.P. Morgan analyst Phil Buller maintained a Buy rating on Siemens today and set a price target of €300.00.

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Buller covers the Industrials sector, focusing on stocks such as Siemens, Siemens Energy, and Schneider Electric. According to TipRanks, Buller has an average return of 19.6% and a 61.93% success rate on recommended stocks.

In addition to J.P. Morgan, Siemens also received a Buy from TipRanks – xAI’s xAi Industrials GB in a report issued yesterday. However, on January 27, Kepler Capital downgraded Siemens (LSE: 0P6M) to a Sell.

Based on Siemens’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of €21.43 billion and a net profit of €1.62 billion. In comparison, last year the company earned a revenue of €20.81 billion and had a net profit of €1.9 billion

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of 0P6M in relation to earlier this year.