Koninklijke Philips NV (AMS:PHIA) Receives Average Rating of “Buy” from Brokerages

Shares of Koninklijke Philips NV (AMS:PHIA) have earned a consensus rating of “Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is €46.50 ($54.71).

Several equities analysts have recently weighed in on PHIA shares. Kepler Capital Markets set a €44.00 ($51.76) price objective on shares of Koninklijke Philips and gave the company a “neutral” rating in a research report on Monday, July 20th. UBS Group set a €47.00 ($55.29) target price on shares of Koninklijke Philips and gave the company a “buy” rating in a report on Tuesday, September 1st. Sanford C. Bernstein set a €52.00 ($61.18) target price on shares of Koninklijke Philips and gave the company a “buy” rating in a report on Thursday, July 30th. Berenberg Bank set a €46.00 ($54.12) price target on shares of Koninklijke Philips and gave the company a “buy” rating in a research note on Monday, July 20th. Finally, JPMorgan Chase & Co. set a €39.50 ($46.47) price target on shares of Koninklijke Philips and gave the company a “neutral” rating in a research note on Wednesday, August 12th.

Koninklijke Philips has a 12-month low of €28.92 ($34.02) and a 12-month high of €36.12 ($42.49).

Koninklijke Philips Company Profile

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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Analyst Recommendations for Koninklijke Philips (AMS:PHIA)

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