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A report released today by Stifel about General Electric (NYSE:GE) bumps down the target price to $22.00

General Electric (NYSE:GE) had its target price lowered to $22.00 by Stifel in a report released 10/24/2017. The new target price indicates a possible downside of -0.01% based on the company's last stock close price.

Only yesterday General Electric (NYSE:GE) traded -4.31% lower at $22.32. General Electric’s 50-day average is $24.11 and its two hundred day average is $26.55. The last stock price is down -14.11% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time period. 46,771,972 shares of the stock were exchanged, up from an average trading volume of 45,838,300

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General Electric (NYSE:GE)

General Electric has PE ratio of 27.78 with a one year low of $22.10 and a one year high of $32.38 and has a market capitalization of $0.

A total of 14 equity analysts have released a research note on GE. Six equity analysts rating the company a strong buy, four equity analysts rating the company a buy, seven equity analysts rating the company a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $32.79.

Brief Synopsis On General Electric (NYSE:GE)

General Electric Company is a global digital industrial company. The Company's products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.

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