Koninklijke Philips NV (PHIA) Given a €34.00 Price Target at Berenberg Bank
Koninklijke Philips NV (AMS:PHIA) has been assigned a €34.00 ($40.00) price objective by equities research analysts at Berenberg Bank in a report issued on Monday. The firm currently has a “neutral” rating on the stock.
Several other analysts also recently weighed in on the stock. Barclays PLC set a €29.00 ($34.12) price target on shares of Koninklijke Philips NV and gave the company a “neutral” rating in a research note on Monday. J P Morgan Chase & Co set a €37.00 ($43.53) price target on shares of Koninklijke Philips NV and gave the company a “buy” rating in a research note on Monday. BNP Paribas set a €34.00 ($40.00) price target on shares of Koninklijke Philips NV and gave the company a “neutral” rating in a research note on Monday, October 16th. Goldman Sachs Group, Inc. (The) set a €39.00 ($45.88) price target on shares of Koninklijke Philips NV and gave the company a “buy” rating in a research note on Thursday, October 12th. Finally, Morgan Stanley set a €29.00 ($34.12) price objective on shares of Koninklijke Philips NV and gave the stock a “neutral” rating in a research note on Thursday, October 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of €34.07 ($40.08).
Koninklijke Philips NV (AMS:PHIA) opened at 35.965 on Monday. The firm’s 50 day moving average price is €34.40 and its 200-day moving average price is €32.38. The stock has a market cap of €33.70 billion and a P/E ratio of 22.878. Koninklijke Philips NV has a 12-month low of €26.05 and a 12-month high of €36.09.
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About Koninklijke Philips NV
Koninklijke Philips N.V. is the Netherlands-based health technology company. The Company’s segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, HealthTech Other and Legacy Items. The Personal Health businesses segment is engaged in the health continuum, delivering integrated, connected solutions that support healthier lifestyles and those living with chronic disease.
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