ICICI Direct has given Buy recommendation for Siemens recommended buy rating on the stock with a target price of Rs 2550 in its research repo with a target price of Rs. 2550 in its research report issued on Nov 25, 2021

ICICI Direct’s research report on Siemens

Siemens Ltd (Siemens) is a leader in technology solutions for smart, intelligent, building technologies, mobility, digital industries and power T&D. It operates mainly in five key segments including energy/gas & power (34%), smart infrastructure (33%), digital industries (22%), mobility (7%) • Well placed to gain from the overall energy market transformation from electrification to automation & digitization.

Outlook

We remain long term positive and retain our BUY rating on the stock. We value Siemens at Rs 2550 on an SoTP basis.

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