Deutsche Bank Boosts General Electric (NYSE:GE) Price Target to $12.00

General Electric (NYSE:GE) had its price target boosted by stock analysts at Deutsche Bank from $11.00 to $12.00 in a research report issued on Wednesday, BenzingaRatingsTable reports. The brokerage presently has a “hold” rating on the conglomerate’s stock. Deutsche Bank’s price objective suggests a potential upside of 9.19% from the company’s current price.

Other analysts have also issued reports about the stock. ValuEngine lowered shares of General Electric from a “hold” rating to a “sell” rating in a research note on Tuesday. William Blair reiterated a “buy” rating on shares of General Electric in a research note on Friday, August 16th. JPMorgan Chase & Co. set a $5.00 price target on shares of General Electric and gave the stock an “underweight” rating in a research note on Friday, November 1st. Zacks Investment Research upgraded shares of General Electric from a “sell” rating to a “hold” rating and set a $10.00 price target for the company in a report on Friday, November 1st. Finally, Citigroup set a $14.00 price objective on shares of General Electric and gave the company a “buy” rating in a research report on Wednesday, September 4th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. General Electric currently has an average rating of “Hold” and a consensus price target of $10.42.

Shares of NYSE GE opened at $10.99 on Wednesday. The stock has a market cap of $95.98 billion, a P/E ratio of 16.91, a PEG ratio of 2.74 and a beta of 1.17. The business’s fifty day simple moving average is $10.47 and its 200-day simple moving average is $9.76. General Electric has a 12-month low of $6.66 and a 12-month high of $11.84. The company has a current ratio of 1.84, a quick ratio of 1.60 and a debt-to-equity ratio of 2.67.

General Electric (NYSE:GE) last released its earnings results on Wednesday, October 30th. The conglomerate reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The firm had revenue of $23.36 billion during the quarter, compared to analysts’ expectations of $22.93 billion. General Electric had a positive return on equity of 11.69% and a negative net margin of 4.39%. General Electric’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 EPS. On average, equities analysts forecast that General Electric will post 0.61 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of GE. Maverick Capital Ltd. purchased a new position in shares of General Electric during the third quarter worth about $1,251,000. Metropolitan Life Insurance Co NY increased its position in shares of General Electric by 0.5% during the third quarter. Metropolitan Life Insurance Co NY now owns 1,320,763 shares of the conglomerate’s stock worth $11,808,000 after purchasing an additional 5,990 shares in the last quarter. Man Group plc acquired a new stake in shares of General Electric during the third quarter worth about $1,742,000. IHT Wealth Management LLC lifted its holdings in shares of General Electric by 1.5% in the 3rd quarter. IHT Wealth Management LLC now owns 91,638 shares of the conglomerate’s stock valued at $857,000 after purchasing an additional 1,339 shares during the last quarter. Finally, Regal Investment Advisors LLC lifted its holdings in shares of General Electric by 17.0% in the 3rd quarter. Regal Investment Advisors LLC now owns 82,519 shares of the conglomerate’s stock valued at $738,000 after purchasing an additional 12,004 shares during the last quarter. Institutional investors and hedge funds own 60.22% of the company’s stock.

General Electric Company Profile

General Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.

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Analyst Recommendations for General Electric (NYSE:GE)

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