How to buy Siemens shares (2024)? – invest in Siemens stocks
Would you like to invest in Siemens stocks? In this article, you can read whether it is wise to buy Siemens shares. You can also find the latest stock price here.
How to buy Siemens stocks?
Do you think Siemens fits within your portfolio? Before buying the stock, analyze how the company performs. Does the company have solid plans for the future, and does the economy perform well? Do you still think it is wise to buy Siemens stocks? Then it is best to do so with reliable stock broker:
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What is the stock price of Siemens?
The price of the Siemens stock constantly fluctuates. As an investor, it is important to be aware of the latest developments. In the graph below, you can see the current price of the Siemens stock. You can also use the buy and sell buttons to open a position directly.
Corporate data of Siemens
Below is the key corporate data of Siemens.
Analysis of Siemens stocks
Before deciding whether to buy or sell Siemens, it is essential to analyze the share. In the overview below, you can see how Siemens developed over the past period.
Stock prices of Siemens of the last 5 days
In the table below, you can see the stock prices of Siemens for the last 5 days:
What will be the stock price of Siemens in 2024?
Are you curious about what analysts think Siemens will do in 2024 and the years after? We have combined the forecasts of analysts using Alpha Vantage data. Remember that this figure is only a prediction of the stock price of Siemens and that this prediction does not necessarily have to come true.
Why might it be smart to buy Siemens stocks?
- Diversification: Siemens generates revenue in different sectors such as energy, healthcare, and industrial automation.
- Technological innovation: Siemens is known for its high-level innovation. For example, within the Siemens Healthineers division, the company produces advanced medical equipment.
- Strong brand: Siemens is a strong brand that operates in more than 200 countries. This reduces the risk of investing in Siemens stocks.
- Dependent on economic situation: Siemens is highly dependent on the financial situation of the company for its business model.
- Competition: the technology industry has a high degree of competition, and it is important to keep this in mind before buying Siemens stocks.
- Regulation: strict rules apply in the fields of energy and healthcare. When something goes wrong, Siemens may face fines.
Who are Siemens’ competitors?
- General Electric Company
- ABB
- Schneider Electric
- Honeywell International
- Hitachi
- Study the stock: research whether Siemens can keep up with the competition.
- Open a stock account: open a broker account with a party that sells Siemens shares as an investment.
- Select Siemens stock: select the Siemens stock and enter the amount you want to invest.
- Choose an order: with a market order, you buy the shares immediately at the current price, while with a limit order, you set a maximum price that you wish to pay.
- Buy Siemens shares: then press buy to purchase Siemens shares directly.
What is the company Siemens?
Siemens is an originally German conglomerate that has grown into a global player in the field of electronics and electrical engineering over the years. At the time of writing, Siemens is also active in various sectors. Siemens is, for example, active in industry, the energy sector, and healthcare.
At the time of writing, the company is active in no less than 190 different countries. The headquarters of Siemens are located in the German cities of Berlin and Munich. Siemens shares are listed on the Deutsche Börse with the ticker SIE.
A company with considerable diversity
You might initially not think so, but Siemens is indeed a strongly diversified company. At the time of writing, the activities of this company are divided into no less than eight different parts. These are:
- Power & Gas;
- Wind Power & Renewables;
- Energy Management;
- Building Technologies;
- Mobility;
- Digital Factory;
- Process Industries and Drives;
- Healthineers;
- The Financial Services Division;
The energy sectors contribute the most to Siemens’ revenue: about 40% of the revenue is generated within these sectors. The main geographic markets for Siemens are Europe, Africa, and the Middle East. Interestingly, the North and South American markets together account for only a quarter of the company’s total revenue.
Therefore, when investing in Siemens shares, it is important to analyze these regions carefully. When the economy performs well in these regions, the profitability of Siemens will likely increase.
The history of Siemens
Siemens was founded on October 12, 1847 by Werner von Siemens and Johann Georg Halske. Initially, the company was not called Siemens, but ‘Telegraphen-Bauanstalt von Siemens & Halske’. The company went public in 1899.
During World War II, Siemens used forced labourers to work on products for Siemens & Halske. These forced labourers were located in the concentration camp Groß-Rosen and in an estimated 20 different factories that were set up around the Ravensbrück concentration camp.
The Siemens we know today was founded in 1966. In that year, Siemens & alske AG decided to merge with Siemens-Schuckertwerke AG and Siemens-Reiniger-Werke AG.
On September 18, 2011, Siemens announced that it would no longer participate in building nuclear power plants. In the middle of 2013, Siemens also decided to sell its 50 percent stake in the joint venture with Nokia Siemens Networks to Nokia.
There are several pros and cons when it comes to Siemens shares. Siemens has diversified its business activities well into eight different divisions. This is advantageous, as it leads to a good level of risk diversification. This can make an investment in Siemens shares less risky and therefore more attractive.
However, it is important to note that over 40% of the revenue comes from the energy divisions. When these sectors perform poorly, the share price can come under pressure. As an active investor, you can react on this by opening a short position. However, it is essential to keep a close eye on the energy market when buying Siemens shares.
Another weakness of the Siemens share is its dependence on external suppliers. When there are problems with these suppliers, the company’s profitability may come under pressure. The company also faced various scandals in the media regarding corruption. The consequences were limited, but if the company were to face a larger scandal in the future, this could significantly lower the share price.
Despite these weaknesses, an investment in Siemens stocks can turn out well. The company is innovative and introduces new solutions and products every year that meet the needs of its customers. Because the brand is so well-known worldwide, it appeals to many people. However, make sure to compare Siemens with the competition before buying the shares.
Auteur
Over Alex Mostert
When I was 16, I secretly bought my first stock. Since that ‘proud moment’ I have been managing trading.info for over 10 years. It is my goal to educate people about financial freedom. After my studies business administration and psychology, I decided to put all my time in developing this website. Since I love to travel, I work from all over the world. Click here to read more about trading.info! Don’t hesitate to leave a comment under this article.
