Analyst Rating Update on Koninklijke Philips N.V. (PHG)

Koninklijke Philips N.V. (NYSE:PHG) : 2 brokerage houses believe that Koninklijke Philips N.V. (NYSE:PHG) is a Strong Buy at current levels. Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 3 Wall Street Analysts endorse the stock as a Buy with a rating of 2.

For this week, the average consensus of the company shares are rated as a Strong Buy.

Koninklijke Philips N.V. (NYSE:PHG): stock turned positive on Tuesday. Though the stock opened at $23.83, the bulls momentum made the stock top out at $23.83 level for the day. The stock recorded a low of $23.47 and closed the trading day at $23.72, in the green by 1.85%. The total traded volume for the day was 1,177,771. The stock had closed at $23.29 in the previous days trading.

Koninklijke Philips N.V. is a technology company. The Company operates in the segments of Healthcare, Consumer Lifestyle and Lighting. It operates in the Innovation, Group & Services (IG&S) sector. The Healthcare segment includes imaging systems, customer services, healthcare informatics, solutions and services, and patient care and monitoring solutions. The Consumer lifestyle segment includes personal care, domestic appliances and health and wellness solutions. The Lighting segment offers various lighting solutions across a range of market segments. The Innovation, Group & Services sector includes the activities of Group Innovation and Group and regional management organizations. Additionally, the global shared business services for procurement, finance, human resources, information technology (IT) and real estate are reported in this sector. It has around 93 production sites in 25 countries and sales and service outlets in approximately 100 countries.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.