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

Koninklijke Philips N.V. (PHG) : The consensus on Koninklijke Philips N.V. (PHG) based on 3 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Koninklijke Philips N.V. (PHG).

Koninklijke Philips N.V. (NYSE:PHG): The stock opened at $23.83 on Wednesday but the bulls could not build on the opening and the stock topped out at $24.12 for the day. The stock traded down to $23.62 during the day, due to lack of any buying support eventually closed down at $24.05 with a loss of -0.04% for the day. The stock had closed at $24.06 on the previous day. The total traded volume was 2,334,308 shares.

The company shares have dropped -3.26% from its 1 Year high price. On Mar 30, 2016, the shares registered one year high at $28.75 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $25.76 and the 200 Day Moving Average price is recorded at $26.15.

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.