General Electric (NYSE:GE – Get Rating) had its price objective lifted by equities researchers at Deutsche Bank Aktiengesellschaft from $107.00 to $118.00 in a report issued on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 30.03% from the stock’s current price.
GE has been the subject of a number of other research reports. Royal Bank of Canada boosted their price objective on shares of General Electric from $113.00 to $118.00 and gave the stock an “outperform” rating in a research note on Friday, March 11th. Sanford C. Bernstein started coverage on shares of General Electric in a report on Monday, January 10th. They issued an “outperform” rating and a $120.00 price target on the stock. StockNews.com assumed coverage on shares of General Electric in a report on Thursday, March 31st. They set a “hold” rating on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $124.00 price target on shares of General Electric in a report on Wednesday, January 26th. Finally, Credit Suisse Group lowered their price target on shares of General Electric from $122.00 to $116.00 and set an “outperform” rating on the stock in a report on Monday, March 7th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, General Electric currently has a consensus rating of “Buy” and a consensus target price of $120.20.
General Electric stock opened at $90.75 on Thursday. The company has a 50 day moving average price of $93.76 and a 200-day moving average price of $98.01. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.97 and a current ratio of 1.28. General Electric has a fifty-two week low of $85.29 and a fifty-two week high of $116.17. The company has a market capitalization of $99.76 billion, a PE ratio of -14.57, a P/E/G ratio of 4.07 and a beta of 0.96.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Missouri Trust & Investment Co purchased a new position in shares of General Electric during the 4th quarter worth approximately $27,000. Benjamin Edwards Inc. boosted its position in shares of General Electric by 325.0% during the 4th quarter. Benjamin Edwards Inc. now owns 289 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 221 shares during the period. Covestor Ltd acquired a new stake in General Electric during the 4th quarter worth approximately $31,000. Bell Investment Advisors Inc acquired a new stake in General Electric during the 3rd quarter worth approximately $32,000. Finally, FSB Premier Wealth Management Inc. acquired a new stake in General Electric during the 4th quarter worth approximately $32,000. 70.28% of the stock is owned by institutional investors.
General Electric Company Profile (Get Rating)
General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It operates through four segments: Power, Renewable Energy, Aviation, and Healthcare segments. The Power segment offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.
- Get a free copy of the StockNews.com research report on General Electric (GE)
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