Koninklijke Philips (PHIA) PT Set at €40.00 by Commerzbank
Koninklijke Philips (AMS:PHIA) has been given a €40.00 ($47.62) price objective by equities researchers at Commerzbank in a note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. Commerzbank’s price objective indicates a potential upside of 22.70% from the company’s previous close.
Several other research firms have also commented on PHIA. Credit Suisse Group set a €38.00 ($45.24) price target on Koninklijke Philips and gave the stock a “buy” rating in a report on Monday, November 6th. 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 report on Tuesday, November 7th. set a €39.00 ($46.43) price objective on shares of Koninklijke Philips and gave the company a “buy” rating in a report on Wednesday, November 8th. J P Morgan Chase & Co set a €36.80 ($43.81) price objective on shares of Koninklijke Philips and gave the company a “neutral” rating in a report on Friday, November 10th. Finally, Morgan Stanley set a €29.70 ($35.36) price objective on shares of Koninklijke Philips and gave the company a “neutral” rating in a report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Koninklijke Philips has an average rating of “Hold” and a consensus target price of €34.90 ($41.55).
Koninklijke Philips (AMS:PHIA) traded down €0.28 ($0.33) during midday trading on Thursday, hitting €32.60 ($38.81). The stock had a trading volume of 2,130,000 shares, compared to its average volume of 2,740,000. Koninklijke Philips has a fifty-two week low of €26.54 ($31.60) and a fifty-two week high of €36.12 ($43.00).
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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