Koninklijke Philips (AMS:PHIA) has been given a €34.00 ($40.48) target price by research analysts at Deutsche Bank in a report released on Friday. The firm presently has a “neutral” rating on the stock. Deutsche Bank’s target price indicates a potential upside of 5.66% from the company’s current price.
Other equities research analysts have also recently issued research reports about the stock. Barclays set a €29.00 ($34.52) price objective on shares of Koninklijke Philips and gave the stock a “neutral” rating in a research report on Monday, October 23rd. J P Morgan Chase & Co set a €37.00 ($44.05) price target on Koninklijke Philips and gave the stock a “buy” rating in a research note on Friday, November 3rd. set a €39.00 ($46.43) price target on Koninklijke Philips and gave the company a “buy” rating in a report on Wednesday, November 8th. Goldman Sachs Group set a €39.00 ($46.43) price objective on shares of Koninklijke Philips and gave the company a “buy” rating in a research report on Thursday, October 12th. Finally, Kepler Capital Markets set a €36.00 ($42.86) price objective on shares of Koninklijke Philips and gave the company a “neutral” rating in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. Koninklijke Philips currently has a consensus rating of “Hold” and a consensus target price of €34.54 ($41.11).
Shares of Koninklijke Philips (PHIA) opened at €32.18 ($38.31) on Friday. Koninklijke Philips has a 1-year low of €26.40 ($31.43) and a 1-year high of €36.12 ($43.00).
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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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