General Electric Company (NYSE:GE)‘s stock had its “buy” rating reaffirmed by Royal Bank Of Canada in a research report issued on Friday. They currently have a $31.00 price target on the conglomerate’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 29.54% from the company’s current price.

Other analysts have also issued reports about the company. UBS AG reissued a “buy” rating and set a $31.00 price target (down from $35.00) on shares of General Electric in a research note on Tuesday, July 25th. Deutsche Bank AG set a $24.00 price objective on General Electric and gave the stock a “sell” rating in a research note on Monday, May 29th. Citigroup Inc. reaffirmed a “buy” rating and issued a $34.00 price objective (down from $36.00) on shares of General Electric in a research note on Monday, July 10th. Goldman Sachs Group, Inc. (The) set a $29.00 price objective on General Electric and gave the stock a “neutral” rating in a research note on Friday, July 7th. Finally, Vetr raised General Electric from a “hold” rating to a “buy” rating and set a $28.93 price objective on the stock in a research note on Wednesday, June 7th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company’s stock. General Electric presently has a consensus rating of “Hold” and a consensus price target of $29.42.

General Electric (NYSE GE) traded down 0.37% during mid-day trading on Friday, hitting $23.93. 66,559,977 shares of the stock traded hands. General Electric has a 12-month low of $23.58 and a 12-month high of $32.38. The stock has a 50 day moving average price of $24.82 and a 200 day moving average price of $27.58. The firm has a market cap of $207.18 billion, a PE ratio of 29.15 and a beta of 1.22.

General Electric (NYSE:GE) last released its earnings results on Friday, July 21st. The conglomerate reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.03. General Electric had a return on equity of 14.59% and a net margin of 6.45%. The firm had revenue of $29.56 billion for the quarter, compared to analysts’ expectations of $29.07 billion. During the same quarter in the previous year, the business posted $0.51 earnings per share. The business’s revenue for the quarter was down 11.8% on a year-over-year basis. On average, analysts expect that General Electric will post $1.56 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “General Electric’s (GE) Buy Rating Reiterated at Royal Bank Of Canada” was reported by Daily Political and is owned by of Daily Political. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this news story can be read at https://www.dailypolitical.com/2017/09/15/general-electrics-ge-buy-rating-reiterated-at-royal-bank-of-canada.html.

In other news, CEO John Leonard Flannery purchased 103,983 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average price of $25.56 per share, with a total value of $2,657,805.48. Following the transaction, the chief executive officer now directly owns 509,430 shares of the company’s stock, valued at $13,021,030.80. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James S. Tisch purchased 100,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were purchased at an average cost of $24.56 per share, for a total transaction of $2,456,000.00. The disclosure for this purchase can be found here. Insiders acquired a total of 233,253 shares of company stock valued at $5,860,264 in the last 90 days. Corporate insiders own 0.36% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Frontier Investment Mgmt Co. increased its stake in General Electric by 0.5% in the 2nd quarter. Frontier Investment Mgmt Co. now owns 556,128 shares of the conglomerate’s stock worth $15,021,000 after acquiring an additional 2,783 shares during the last quarter. W. E. Donoghue & Co. LLC bought a new position in General Electric in the 2nd quarter worth about $15,392,000. Intl Fcstone Inc. increased its stake in General Electric by 163.2% in the 2nd quarter. Intl Fcstone Inc. now owns 38,320 shares of the conglomerate’s stock worth $1,035,000 after acquiring an additional 23,760 shares during the last quarter. M Holdings Securities Inc. increased its stake in General Electric by 21.6% in the 2nd quarter. M Holdings Securities Inc. now owns 136,875 shares of the conglomerate’s stock worth $3,697,000 after acquiring an additional 24,344 shares during the last quarter. Finally, Griffin Asset Management Inc. bought a new position in General Electric in the 2nd quarter worth about $7,973,000. 54.78% of the stock is currently owned by institutional investors and hedge funds.

About General Electric

Analyst Recommendations for General Electric (NYSE:GE)

Receive News & Ratings for General Electric Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric Company and related companies with MarketBeat.com's FREE daily email newsletter.