Koninklijke Philips (NYSE:PHG – Get Rating) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $15.90 and last traded at $15.95, with a volume of 13863 shares changing hands. The stock had previously closed at $16.56.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Koninklijke Philips from €25.00 ($25.51) to €24.00 ($24.49) and set a “hold” rating for the company in a report on Tuesday, July 5th. Societe Generale upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating and lowered their price objective for the stock from €22.40 ($22.86) to €21.00 ($21.43) in a research report on Monday, September 12th. JPMorgan Chase & Co. lowered their price objective on shares of Koninklijke Philips from €21.30 ($21.73) to €18.80 ($19.18) and set an “underweight” rating for the company in a research report on Wednesday, July 27th. UBS Group upgraded shares of Koninklijke Philips from a “sell” rating to a “neutral” rating in a research report on Monday, September 5th. Finally, Barclays lowered their price objective on shares of Koninklijke Philips from €45.00 ($45.92) to €39.00 ($39.80) in a research report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Koninklijke Philips currently has an average rating of “Hold” and a consensus price target of $24.97.
Koninklijke Philips Price Performance
The business’s 50-day moving average is $18.98 and its two-hundred day moving average is $23.68. The company has a quick ratio of 0.70, a current ratio of 1.19 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $14.08 billion, a P/E ratio of 4.08, a price-to-earnings-growth ratio of 1.22 and a beta of 0.96.
Institutional Investors Weigh In On Koninklijke Philips
Koninklijke Philips Company Profile
Koninklijke Philips N.V. operates as a health technology company in North America and internationally. It operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. The company provides diagnostic imaging solutions, includes magnetic resonance imaging, computed tomography (CT) systems, X-ray systems, and detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; integrated interventional systems; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; proprietary software to enable diagnostics and intervention; and enterprise diagnostic informatics products and services.
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