General Electric Company (GE) Receives Price Target

General Electric Company (GE) : Currently there are 10 street experts covering General Electric Company (GE) stock. The most bullish and bearish price target for the stock is $38 and $28 respectively for the short term. The average price target of all the analysts comes to $33.9. The estimated standard deviation from the target is $3.35.

General Electric Company (GE) : The consensus on General Electric Company (GE) based on 12 analyst recommendation on the company stock is 2.08, 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.


Also, Bernstein maintains its rating on General Electric Company (NYSE:GE). The global brokerage major maintains a current price target of $34 per share. Analysts at the Bernstein have a current rating of Market Perform on the shares. The rating by the firm was issued on July 26, 2016.

General Electric Company (NYSE:GE): The stock opened at $31.15 on Thursday but the bulls could not build on the opening and the stock topped out at $31.29 for the day. The stock traded down to $30.96 during the day, due to lack of any buying support eventually closed down at $31.20 with a loss of -0.13% for the day. The stock had closed at $31.24 on the previous day. The total traded volume was 41,255,600 shares.

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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