General Electric (NYSE:GE) has been given a $15.00 price target by research analysts at Deutsche Bank in a research note issued on Wednesday. The firm presently has a “sell” rating on the conglomerate’s stock. Deutsche Bank’s price objective would indicate a potential downside of 7.60% from the stock’s previous close.
Other research analysts have also issued research reports about the company. Royal Bank of Canada set a $25.00 target price on General Electric and gave the company a “buy” rating in a report on Monday, October 23rd. Citigroup set a $28.00 target price on General Electric and gave the company a “buy” rating in a report on Monday, October 23rd. Bank of America raised General Electric from a “neutral” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Monday, October 23rd. Stifel Nicolaus reissued a “buy” rating and issued a $26.00 target price on shares of General Electric in a report on Thursday, October 12th. Finally, Morningstar reissued a “buy” rating on shares of General Electric in a report on Tuesday, November 14th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. General Electric currently has a consensus rating of “Hold” and a consensus price target of $21.42.
General Electric (GE) traded up $0.28 during trading hours on Wednesday, hitting $16.23. The stock had a trading volume of 11,333,813 shares, compared to its average volume of 97,410,000. The firm has a market capitalization of $140,360.00, a price-to-earnings ratio of 15.03, a P/E/G ratio of 3.00 and a beta of 1.07. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.53 and a current ratio of 1.86. General Electric has a 1-year low of $15.80 and a 1-year high of $30.59.
In other news, Chairman John Leonard Flannery bought 60,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were bought at an average cost of $18.27 per share, for a total transaction of $1,096,200.00. Following the completion of the transaction, the chairman now owns 575,477 shares in the company, valued at $10,513,964.79. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alexander Dimitrief bought 2,689 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were purchased at an average price of $16.16 per share, for a total transaction of $43,454.24. Following the completion of the transaction, the insider now owns 81,185 shares of the company’s stock, valued at approximately $1,311,949.60. The disclosure for this purchase can be found here. Insiders have purchased 124,370 shares of company stock worth $2,245,570 in the last ninety days. 0.36% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Ffcm LLC purchased a new stake in shares of General Electric in the second quarter valued at $114,000. MPS Loria Financial Planners LLC purchased a new stake in shares of General Electric in the second quarter valued at $113,000. Corbenic Partners LLC lifted its position in shares of General Electric by 15.7% in the second quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock valued at $144,000 after acquiring an additional 725 shares in the last quarter. Bristlecone Advisors LLC purchased a new position in General Electric during the third quarter worth about $164,000. Finally, Tuttle Tactical Management LLC purchased a new position in General Electric during the second quarter worth about $209,000. Institutional investors own 55.50% of the company’s stock.
About General Electric
General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.
