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SHARE IN FOCUS: Siemens on the rise – Optimism from competition and analysts

Tuesday, 11/02/2021 3:20 PM from

dpa-AFX

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FRANKFURT (dpa-AFX) – The Siemens (Siemens share) Shares rose sharply on Tuesday following positive comment from investment house Jefferies. With a plus of a good 3 percent to 145.08, they left the 50-day line as a medium-term price indicator behind. This also succeeded in breaking out over the area around 141 euros, which had recently proven to be too high a hurdle several times.


Jefferies analyst Simon Toennessen believes the paper will rise to 190 euros in the coming months and continues to recommend buying. The outlook of US competitor Rockwell Automation (Rockwell Automation share) Toennessen wrote in a study that by 2022 it implies an increase in market estimates for Siemens by 2 to 3 percent.

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