General Electric (NYSE:GE) has been given a $14.00 price target by equities research analysts at Goldman Sachs Group in a research report issued on Tuesday. The brokerage currently has a “neutral” rating on the conglomerate’s stock. Goldman Sachs Group’s price target suggests a potential upside of 27.04% from the stock’s previous close.
A number of other equities analysts also recently weighed in on GE. Royal Bank of Canada set a $15.00 price target on shares of General Electric and gave the stock a “buy” rating in a research note on Tuesday. Deutsche Bank set a $15.00 price target on shares of General Electric and gave the stock a “hold” rating in a research note on Monday, July 23rd. Gabelli reissued a “buy” rating on shares of General Electric in a research report on Wednesday, July 18th. Cowen reissued a “hold” rating and set a $14.50 target price on shares of General Electric in a research report on Friday, July 20th. Finally, JPMorgan Chase & Co. reissued a “sell” rating and set a $11.00 target price on shares of General Electric in a research report on Monday, July 16th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $15.89.
Shares of NYSE GE traded down $0.14 during mid-day trading on Tuesday, reaching $11.02. The company had a trading volume of 82,215,128 shares, compared to its average volume of 110,123,496. General Electric has a twelve month low of $10.93 and a twelve month high of $20.75. The company has a current ratio of 1.81, a quick ratio of 1.51 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $98.11 billion, a PE ratio of 10.50, a price-to-earnings-growth ratio of 2.21 and a beta of 0.97.
About General Electric
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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