General Electric Company (GE) Price Target Cut to $15.00 by Analysts at Deutsche Bank AG

General Electric Company (NYSE:GE) had its price objective cut by research analysts at Deutsche Bank AG from $18.00 to $15.00 in a research report issued to clients and investors on Tuesday. The brokerage currently has a “sell” rating on the conglomerate’s stock. Deutsche Bank AG’s target price points to a potential downside of 15.87% from the company’s previous close.

Several other research analysts have also recently weighed in on GE. J P Morgan Chase & Co set a $22.00 price objective on shares of General Electric and gave the stock a “sell” rating in a research report on Monday, July 24th. Morgan Stanley cut shares of General Electric from an “equal weight” rating to an “underweight” rating and set a $22.00 price objective for the company. in a research report on Monday, October 23rd. Stifel Nicolaus cut shares of General Electric from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $26.00 to $22.00 in a research report on Tuesday, October 24th. Vetr upgraded shares of General Electric from a “sell” rating to a “hold” rating and set a $21.74 price objective for the company in a research report on Monday, October 23rd. Finally, Argus dropped their price objective on shares of General Electric from $30.00 to $27.00 and set a “buy” rating for the company in a research report on Monday, September 18th. Six research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $24.49.

Shares of General Electric (NYSE GE) traded down $0.15 on Tuesday, hitting $17.83. The stock had a trading volume of 77,642,971 shares, compared to its average volume of 98,440,000. The firm has a market cap of $154,620.00, a P/E ratio of 14.69, a P/E/G ratio of 1.99 and a beta of 1.11. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 1.14. General Electric has a fifty-two week low of $17.46 and a fifty-two week high of $32.38.

General Electric (NYSE:GE) last announced its earnings results on Friday, October 20th. The conglomerate reported $0.29 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.20). The business had revenue of $33.47 billion during the quarter, compared to analyst estimates of $32.51 billion. General Electric had a return on equity of 13.72% and a net margin of 6.08%. The firm’s revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.32 earnings per share. sell-side analysts anticipate that General Electric will post 1.06 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at https://www.truebluetribune.com/2017/11/21/general-electric-company-ge-price-target-cut-to-15-00-by-analysts-at-deutsche-bank-ag.html.

In related news, Director Steven M. Mollenkopf bought 5,500 shares of General Electric stock in a transaction that occurred on Thursday, November 16th. The stock was purchased at an average cost of $18.24 per share, with a total value of $100,320.00. Following the purchase, the director now owns 5,500 shares in the company, valued at $100,320. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Francisco Dsouza acquired 55,000 shares of General Electric stock in a transaction dated Monday, November 20th. The shares were acquired at an average price of $17.94 per share, with a total value of $986,700.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 120,500 shares of company stock valued at $2,183,220. Company insiders own 0.36% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. First Fiduciary Investment Counsel Inc. boosted its stake in shares of General Electric by 1.1% during the 3rd quarter. First Fiduciary Investment Counsel Inc. now owns 757,864 shares of the conglomerate’s stock worth $18,325,000 after buying an additional 8,595 shares during the last quarter. Truepoint Inc. boosted its stake in shares of General Electric by 2,010.7% during the 3rd quarter. Truepoint Inc. now owns 1,086,675 shares of the conglomerate’s stock worth $1,087,000 after buying an additional 1,035,190 shares during the last quarter. Garde Capital Inc. boosted its stake in shares of General Electric by 104.6% during the 3rd quarter. Garde Capital Inc. now owns 38,768 shares of the conglomerate’s stock worth $937,000 after buying an additional 19,819 shares during the last quarter. WealthTrust Fairport LLC boosted its stake in shares of General Electric by 7.2% during the 3rd quarter. WealthTrust Fairport LLC now owns 89,066 shares of the conglomerate’s stock worth $2,154,000 after buying an additional 5,980 shares during the last quarter. Finally, ICICI Prudential Asset Management Co Ltd boosted its stake in shares of General Electric by 81.4% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 18,500 shares of the conglomerate’s stock worth $447,000 after buying an additional 8,300 shares during the last quarter. Institutional investors own 54.75% of the company’s stock.

General Electric Company Profile

Analyst Recommendations for General Electric (NYSE:GE)

Receive News & Ratings for General Electric Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric Company and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply