General Electric Company (GE) has an average broker rating of 2.31, which is interpreted as a Buy, as rated by 13 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
General Electric Company (GE) : The consensus price target for General Electric Company (GE) is $33.9 for the short term with a standard deviation of $3.35. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $38, however, the pessimist price target for the company is $28.
For the current week, the company shares have a recommendation consensus of Buy. General Electric Company (NYSE:GE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.31 and $31.20 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.29, notching a gain of 0.06% for the day. The total traded volume was 37,986,166 . The stock had closed at $31.27 on the previous day.
In a related news, Immelt Jeffrey R, CEO of General Electric Co had purchased 50,000 shares on July 26, 2016 in a transaction. The price per share was $31.45 and the total amount of the disclosed transaction was $1,572,500.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
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.