Price Target Update on General Electric Company (NYSE:GE)

General Electric Company (NYSE:GE) stock is expected to deviate a maximum of $2.94 from the average target price of $33 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $38 and the most muted being $28.

Other Equity analysts have also commented on the company shares. Cowen & Company initiates coverage on General Electric Company (NYSE:GE). The current rating of the shares is Market Perform, according to the research report released by the firm. The brokerage firm announces the price target at $29 per share. The rating by the firm was issued on June 7, 2016.

General Electric Company (NYSE:GE): stock turned positive on Thursday. Though the stock opened at $31.06, the bulls momentum made the stock top out at $31.21 level for the day. The stock recorded a low of $30.97 and closed the trading day at $31.19, in the green by 1.33%. The total traded volume for the day was 40,228,963. The stock had closed at $30.78 in the previous days trading.

The company shares have rallied 13.83% from its 1 Year high price. On Mar 31, 2016, the shares registered one year high at $32.05 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $30.12 and the 200 Day Moving Average price is recorded at $30.03. On the companys insider trading activities, Immelt Jeffrey R, CEO of General Electric Co, executed a transaction worth $2,000,284 on May 20, 2016. A total of 67,600 shares were purchased at an average price of $29.59. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

General Electric Company (GE) is a diversified infrastructure and financial services company. The products and services of the Company range from aircraft engines, power generation, oil and gas production equipment, and household appliances to medical imaging, business and consumer financing and industrial products. The Company operates its segments through its eight businesses, -based on the markets they serve: Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Appliances, and Lighting and GE Capital. GE Capital operates the following businesses: Commercial Lending and Leasing, Consumer, Real Estate, Energy Financial Services and GE Capital Aviation Services. The Company operates in approximately 175 countries.

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