TOday’s Movers: General Electric (NYSE:GE) Stock Rating Has Been Maintained at RBC Capital Mkts; $34 Target Price Indicates 11.99% Potential


General Electric (NYSE:GE) Rating Reaffirmed

The investment house has just set a target price of $34 on General Electric (NYSE:GE) shares. This is 11.99% from the price per share. In an analyst note sent to investors on 30 November, RBC Capital Mkts kept steady their “Outperform” rating on shares of GE.

From a total of 11 analysts covering General Electric Company (NYSE:GE) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 64% of the ratings are positive. The highest target price is $54 while the lowest target price is $25.84. The mean of all analyst targets is $31.28 with a 3.06% above today’s ($30.35) stock price. General Electric Company was the topic of 19 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Credit Suisse maintained shares on November 23 with “Outperform” rating. Vetr downgraded shares to “Hold” rating and $25.84 target share price in a report from a September 22. Stifel Nicolaus maintained GE stock in a recent report from October 19 with “Buy” rating. Deutsche Bank maintained the rating on August 25. Deutsche Bank has a “Hold” rating and a $29 price target on shares. Finally, William Blair upgraded the stock to “Outperform” rating in a report issued on an October 13.

The stock decreased 0.05% or $0.01 on November 27, striking $30.35. Approximately shares of stock traded hands. General Electric Company (NYSE:GE) has risen 12.95% since April 27, 2015 and is uptrending. It has outperformed by 13.84% the S&P500.

General Electric Company is a diversified infrastructure and financial services company. The company has a market cap of $306.92 billion. The services and products of the Company range from aircraft engines, power generation, gas and oil production equipment, and household appliances to medical imaging, business and consumer financing and industrial products. It has 98.51 P/E ratio. The Firm operates its divisions through its eight businesses, on the markets they serve: Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Appliances, and Lighting and GE Capital.

According to Zacks Investment Research, “General Electric Company operates as a technology and financial services company. Its segments include Energy Infrastructure, Aviation, Healthcare, Transportation, Home & Business Solutions and GE Capital. The company’s Energy Infrastructure segment offers wind turbines; gas and steam turbines and generators. Its Aviation segment offers jet engines, turboprop and turbo shaft engines, aerospace systems and equipment. Its Healthcare segment provides medical imaging and information technologies, medical diagnostics, patient monitoring systems. Its Transportation segment provides drive technology solutions to various industries. Its Home and Business Solutions segment provides home appliances; lighting products, plant automation, hardware, software, and embedded computing systems. Its GE Capital segment offers commercial loans and leases, fleet management, financial programs, credit cards, personal loans and other financial services. General Electric Company is headquartered in Fairfield, Connecticut.” Get a free copy of the Zacks research report on General Electric Company (GE)