ING Group Reports Initiation of Philips (NYSE:PHG)

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How ING Group Currently Rates Philips (NYSE:PHG)

New York: Philips (NYSE:PHG) coverage was started with a “Hold” rating by investment analysts at ING Group. This was issued to clients and investors in a note on Friday morning.

From a total of 6 analysts covering Koninklijke Philips N.V. (NYSE:PHG) stock, 3 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 50% of the ratings are positive. Koninklijke Philips N.V. was the topic of 6 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. ING Group initiated shares on November 27 with “Hold” rating. RBC Capital Markets upgraded PHG stock in a recent report from September 2 to “Outperform” rating. Finally, Barclays Capital upgraded the stock to “Equal Weight” rating in a report issued on a July 28.

The stock increased 1.53% or $0.41 on November 27, striking $27.29. Approximately 906,529 shares of stock traded hands. Koninklijke Philips NV (ADR) (NYSE:PHG) has declined 9.28% since April 27, 2015 and is downtrending. It has underperformed by 8.38% the S&P500.

ING Group Reports Initiation of Philips (NYSE:PHG)

Koninklijke Philips N.V. is a technology company. The company has a market cap of $26.12 billion. The Firm operates in the divisions of Healthcare, Consumer Lifestyle and Lighting. It has 49.63 P/E ratio. It operates in the Innovation, Group & Services sector.

According to Zacks Investment Research, “Koninklijke Philips Electronics N.V. is the parent company of Philips, a widely diversified multinational group of electronic and electrical products, systems and equipment, as well as information technology services.” Get a free copy of the Zacks research report on Koninklijke Philips NV (ADR) (PHG)

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