General Electric Company (GE) Receives ‘Analyst’ Rating

General Electric Company (GE) : Zacks Investment Research ranks General Electric Company (GE) as 2, which is a Buy recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 2.08, which indicates as a Buy.

General Electric Company (GE) : 10 Wall Street analysts covering General Electric Company (GE) believe that the average level the stock could reach for the short term is $33.8. The maximum price target given is $38 and the minimum target for short term is around $28, hence the standard deviation is calculated at $3.33.


Also, Equity Analysts at the Bernstein maintains the rating on General Electric Company (NYSE:GE). The brokerage firm has issued a Market Perform rating on the shares. The Analysts at the ratings agency maintains the price target to $34 per share. The rating by the firm was issued on July 26, 2016.

General Electric Company (NYSE:GE): After opening at $29.55, the stock dipped to an intraday low of $29.42 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $29.85 and the buying power remained strong till the end. The stock closed at $29.75 for the day, a gain of 0.95% for the day session. The total traded volume was 35,262,527. The stocks close on the previous trading day was $29.7.

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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