The timing from a technical point of view appears attractive to go long in shares of Siemens and to anticipate a trend reversal. Investors have an opportunity to buy the stock and target the € 120.35.
The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at EUR 101.05 EUR in weekly data.
Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 108.6 support.
The company is one of the best yield companies with high dividend expectations.
Analysts covering this company mostly recommend stock overweighting or purchase.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.
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