General Electric (NYSE:GE) had its price objective dropped by stock analysts at Citigroup from $19.00 to $18.00 in a research note issued on Tuesday. The firm currently has a “buy” rating on the conglomerate’s stock. Citigroup’s price target points to a potential upside of 68.93% from the stock’s current price.
A number of other brokerages have also recently issued reports on GE. Goldman Sachs Group set a $14.00 target price on General Electric and gave the company a “neutral” rating in a research report on Tuesday. Royal Bank of Canada set a $15.00 target price on General Electric and gave the company a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. reissued a “sell” rating and issued a $10.00 target price on shares of General Electric in a research report on Thursday, October 25th. Credit Suisse Group started coverage on General Electric in a research report on Friday, October 12th. They issued a “neutral” rating and a $14.00 target price for the company. Finally, Gordon Haskett started coverage on General Electric in a research report on Friday, October 12th. They issued a “sell” rating for the company. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.89.
Shares of GE traded down $0.51 during mid-day trading on Tuesday, reaching $10.66. The company’s stock had a trading volume of 102,740,497 shares, compared to its average volume of 110,123,496. General Electric has a 12-month low of $10.93 and a 12-month high of $20.75. The company has a market cap of $98.11 billion, a P/E ratio of 10.15, a PEG ratio of 2.21 and a beta of 0.97. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.51 and a current ratio of 1.81.
General Electric Company Profile
General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.
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