William Blair restated their buy rating on shares of General Electric (NYSE:GE) in a research report report published on Tuesday, TipRanks reports.
A number of other equities analysts have also commented on the stock. Royal Bank of Canada reaffirmed a buy rating and set a $13.00 price target on shares of General Electric in a research report on Wednesday, October 30th. JPMorgan Chase & Co. set a $5.00 price objective on shares of General Electric and gave the company an underweight rating in a report on Friday, November 1st. Citigroup set a $14.00 target price on shares of General Electric and gave the stock a buy rating in a research report on Wednesday, September 4th. Zacks Investment Research raised shares of General Electric from a sell rating to a hold rating and set a $10.00 target price on the stock in a report on Friday, November 1st. Finally, Credit Suisse Group reiterated a neutral rating and issued a $11.00 price target on shares of General Electric in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $10.42.
GE opened at $11.07 on Tuesday. The company has a debt-to-equity ratio of 2.67, a current ratio of 1.84 and a quick ratio of 1.60. The business has a fifty day simple moving average of $10.47 and a 200 day simple moving average of $9.76. General Electric has a 1 year low of $6.66 and a 1 year high of $11.84. The company has a market capitalization of $95.98 billion, a PE ratio of 17.03, a price-to-earnings-growth ratio of 2.74 and a beta of 1.17.
Several institutional investors have recently added to or reduced their stakes in GE. Ashburton Jersey Ltd bought a new stake in General Electric in the 2nd quarter valued at about $25,000. Venturi Wealth Management LLC acquired a new position in General Electric during the 3rd quarter worth approximately $25,000. Employers Holdings Inc. bought a new position in General Electric in the second quarter worth approximately $28,000. Fusion Family Wealth LLC boosted its holdings in General Electric by 10,516.0% in the second quarter. Fusion Family Wealth LLC now owns 2,654 shares of the conglomerate’s stock worth $28,000 after acquiring an additional 2,629 shares in the last quarter. Finally, Princeton Global Asset Management LLC grew its stake in General Electric by 307,700.0% in the second quarter. Princeton Global Asset Management LLC now owns 3,078 shares of the conglomerate’s stock valued at $32,000 after acquiring an additional 3,077 shares during the period. Institutional investors own 60.22% of the company’s stock.
General Electric Company Profile
General Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.
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