Koninklijke Philips Electronics Given New $26.00 Price Target at Societe Generale (PHG)
Equities researchers at Societe Generale raised their price objective on shares of Koninklijke Philips Electronics (NYSE:PHG) from $23.50 to $26.00 in a research report issued on Tuesday, AnalystRatingsNetwork.com reports. The firm currently has a “hold” rating on the stock. Societe Generale’s price objective would indicate a potential downside of 27.07% from the company’s current price.
Koninklijke Philips Electronics (NYSE:PHG) traded up 1.36% on Tuesday, hitting $35.65. The stock had a trading volume of 1,177,471 shares. Koninklijke Philips Electronics has a 52-week low of $22.75 and a 52-week high of $33.76. The stock’s 50-day moving average is $32.16 and its 200-day moving average is $29.68. The company has a market cap of $32.580 billion and a P/E ratio of 59.41.
Koninklijke Philips Electronics (NYSE:PHG) last issued its quarterly earnings data on Monday, October 21st. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.33 by $0.02. The company had revenue of $5.62 billion for the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was down 3.5% on a year-over-year basis. Analysts expect that Koninklijke Philips Electronics will post $1.76 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on PHG. Analysts at Morgan Stanley raised their price target on shares of Koninklijke Philips Electronics from $27.00 to $27.90 in a research note to investors on Tuesday. They now have an “equal weight” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Koninklijke Philips Electronics from $28.00 to $28.50 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of Koninklijke Philips Electronics from $30.00 to $31.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $28.27.
Koninklijke Philips Electronics N.V. (NYSE:PHG) is the parent company of the Philips Group (Philips).
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