General Electric PT Raised to $27.00 at Barclays Capital (GE)
Barclays Capital lifted their price objective on shares of General Electric (NYSE:GE) from $26.00 to $27.00 in a research note issued on Monday, Analyst Ratings News reports. The firm currently has an “overweight” rating on the stock. Barclays Capital’s price target indicates a potential upside of 12.78% from the company’s current price.
A number of other firms have also recently commented on GE. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of General Electric in a research note to investors on Monday. They set a “neutral” rating and a $26.00 price target on the stock. Separately, analysts at Bank of America Corp. reiterated a “buy” rating on shares of General Electric in a research note to investors on Wednesday, October 2nd. They now have a $24.17 price target on the stock, down previously from $26.00. Finally, analysts at TheStreet reiterated a “buy” rating on shares of General Electric in a research note to investors on Thursday, September 26th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. General Electric currently has an average rating of “Buy” and a consensus target price of $27.64.
General Electric (NYSE:GE) traded down 0.46% on Monday, hitting $23.94. The stock had a trading volume of 28,978,874 shares. General Electric has a 52-week low of $19.87 and a 52-week high of $24.95. The stock’s 50-day moving average is $23. and its 200-day moving average is $23.51. The company has a market cap of $243.8 billion and a P/E ratio of 17.80.
General Electric (NYSE:GE) last released its earnings data on Friday, July 19th. The company reported $0.36 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.36. The company had revenue of $35.12 billion for the quarter, compared to the consensus estimate of $35.58 billion. During the same quarter last year, the company posted $0.38 earnings per share. General Electric’s revenue was down 3.5% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 25th. Shareholders of record on Monday, September 23rd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Thursday, September 19th.
General Electric Company (NYSE:GE) is a diversified technology and financial services company.
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