Koninklijke Philips (AMS:PHIA) has been given a €39.00 ($46.43) target price by equities research analysts at Bank of America in a report issued on Tuesday. The firm currently has a “buy” rating on the stock. Bank of America’s price objective would suggest a potential upside of 17.65% from the company’s current price.
Several other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. set a €36.80 ($43.81) target price on Koninklijke Philips and gave the stock a “neutral” rating in a research note on Thursday, January 4th. Commerzbank set a €40.00 ($47.62) target price on Koninklijke Philips and gave the stock a “buy” rating in a research note on Thursday, December 14th. Deutsche Bank set a €34.00 ($40.48) target price on Koninklijke Philips and gave the stock a “neutral” rating in a research note on Friday, December 1st. Goldman Sachs Group set a €39.00 ($46.43) target price on Koninklijke Philips and gave the stock a “buy” rating in a research note on Thursday, November 30th. Finally, Morgan Stanley set a €29.70 ($35.36) target price on Koninklijke Philips and gave the stock a “neutral” rating in a research note on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of €35.16 ($41.85).
Shares of Koninklijke Philips (PHIA) opened at €33.15 ($39.46) on Tuesday. The stock has a market capitalization of $31,190.00 and a P/E ratio of 34.18. Koninklijke Philips has a 12 month low of €26.54 ($31.60) and a 12 month high of €36.12 ($43.00).
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Koninklijke Philips N.V. is the Netherlands-based health technology company. The Company’s segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, HealthTech Other and Legacy Items. The Personal Health businesses segment is engaged in the health continuum, delivering integrated, connected solutions that support healthier lifestyles and those living with chronic disease.
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