This is one of the largest and best managed companies in the world. Over the last few years, the company has transformed itself significantly, dividing the management of many of the related companies and it is now branding itself as a digital technology company focused on factories and urban infrastructure. The Digital Industries division is already Siemens’ largest by sales, and operates at the highest profit margin. We believe that the support level
of 120,00 euro
, as shown in chart, is indeed a good entry point for a medium and long term investment, also considering the interesting dividend yield of 2.6%.