General Electric PT Raised to $29.00 (GE)
Investment analysts at Credit Suisse raised their target price on shares of General Electric (NYSE:GE) from $27.00 to $29.00 in a note issued to investors on Monday, Analyst Ratings Network reports. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price objective suggests a potential upside of 12.06% from the company’s current price.
Shares of General Electric (NYSE:GE) opened at 25.88 on Monday. General Electric has a one year low of $19.87 and a one year high of $24.95. The stock’s 50-day moving average is $23.88 and its 200-day moving average is $23.43. The company has a market cap of $262.7 billion and a P/E ratio of 19.46.
General Electric (NYSE:GE) last released its earnings data 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 $1.63 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley raised their price target on shares of General Electric from $25.00 to $26.00 in a research note to investors on Monday, October 21st. They now have an “equal weight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of General Electric in a research note to investors on Monday, October 21st. They now have a $27.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of General Electric from $27.00 to $29.00 in a research note to investors on Monday, October 21st. They now have a “buy” rating on the stock. Seven equities research 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 company. The stock presently has an average rating of “Buy” and a consensus price target of $28.01.
General Electric Company (NYSE:GE) is a diversified technology and financial services company.
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