Zacks Investment Research downgraded General Electric Company (NYSE:GE) to Hold in a report released today.
- Updated: September 25, 2016
Zacks Investment Research has downgraded General Electric Company (NYSE:GE) to Hold in a report released on 9/21/2016.
Previously on 9/19/2016, Vetr Inc. released a statement for General Electric Company (NYSE:GE) raised the target price from $0.00 to $30.83. At the time, this indicated a possible upside of 0.05%.
Yesterday General Electric Company (NYSE:GE) traded -0.50% lower at $29.67. General Electric Company’s 50-day average is $30.81 and its two hundred day average is $30.83. With the last close down -3.04% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time. 22,821,677 shares of General Electric Company exchanged hands, down from an avg. volume of 33,702,500
Recent Performance Chart
With a total market value of $0, General Electric Company has PE ratio of 25.27 with a one year low of $24.26 and a one year high of $33.00 .
Also covering General Electric Company's target, a total of 14 brokerages have issued a research note on the company. The 12-month price target is $32.79 with 6 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 7 firms rating the company a hold, one equity analyst rating the stock a underperform, and finally 0 firms rating the stock a sell.
General Information About General Electric Company (NYSE:GE)
General Electric Company (GE) 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 segment offers products and services related to energy production and water reuse; Renewable Energy segment offers renewable power sources; Oil & Gas offers drilling, completion, production and oil field operation; Energy Management offers technologies to electrical power; Aviation designs and produces commercial and military aircraft engines, integrated digital components and mechanical aircraft systems; Healthcare provides essential healthcare technologies; Transportation is a supplier to the railroad, mining, marine, stationary power and drilling industries; Appliances & Lighting offers appliances and a subset of lighting products, and Capital offers continuing financial services businesses and products.
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