Analyst Rating Update on General Electric Company (GE)

General Electric Company (GE) : The consensus on General Electric Company (GE) based on 13 analyst recommendation on the company stock is 2.31, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

General Electric Company (GE) stock is expected to deviate a maximum of $3.35 from the average target price of $33.9 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.

For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Bernstein maintains its outlook 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 maintains the price target at $34 per share. The rating by the firm was issued on July 26, 2016.


General Electric Company (NYSE:GE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.03 and $31.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.13, notching a gain of 0.26% for the day. The total traded volume was 20,005,118 . The stock had closed at $31.05 on the previous day.

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.

Leave a Reply

Get Pre-Market Alerts!

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