General Electric PT Raised to $29.00 at UBS AG (GE)
UBS AG raised their target price on shares of General Electric (NYSE:GE) from $27.00 to $29.00 in a research note issued on Monday, Analyst RN reports. The firm currently has a “buy” rating on the stock. UBS AG’s target price suggests a potential upside of 13.50% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “focus list” rating on shares of General Electric in a research note to investors on Monday. Separately, analysts at Argus raised their price target on shares of General Electric from $28.00 to $29.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of General Electric in a research note to investors on Tuesday, October 8th. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $28.01.
General Electric (NYSE:GE) traded up 2.31% during mid-day trading on Monday, hitting $26.14. 60,445,316 shares of the company’s stock traded hands. General Electric has a one year low of $19.87 and a one year high of $25.75. The stock has a 50-day moving average of $24.03 and a 200-day moving average of $23.59. The company has a market cap of $265.3 billion and a price-to-earnings ratio of 19.21.
General Electric (NYSE:GE) last posted its quarterly earnings results on Friday, October 18th. The company reported $0.36 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.37 by $0.01. The company had revenue of $35.70 billion for the quarter, compared to the consensus estimate of $38.84 billion. During the same quarter last year, the company posted $0.36 earnings per share. General Electric’s revenue was down 1.5% compared to the same quarter last year. Analysts expect that General Electric will post $1.64 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 25th. Shareholders of record on Monday, September 23rd will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Thursday, September 19th.
General Electric Company (NYSE:GE) is a diversified technology and financial services company.
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