General Electric (GE) Coverage Initiated at UBS Group

Equities research analysts at UBS Group started coverage on shares of General Electric (NYSE:GE) in a research report issued to clients and investors on Tuesday, www.briefing.com reports. The firm set a “neutral” rating and a $17.00 price target on the conglomerate’s stock. UBS Group’s price objective would suggest a potential upside of 5.13% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Vetr cut General Electric from a “strong-buy” rating to a “buy” rating and set a $21.08 target price on the stock. in a report on Wednesday, January 10th. Bank of America cut General Electric from a “buy” rating to a “neutral” rating and set a $17.00 target price on the stock. in a report on Monday. Morgan Stanley cut General Electric from an “equal weight” rating to an “underweight” rating and set a $22.00 target price on the stock. in a report on Monday, October 23rd. Stifel Nicolaus cut General Electric from a “buy” rating to a “hold” rating and decreased their target price for the stock from $26.00 to $22.00 in a report on Tuesday, October 24th. Finally, Goldman Sachs Group set a $23.00 target price on General Electric and gave the stock a “hold” rating in a report on Tuesday, October 17th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $22.53.

General Electric (NYSE GE) opened at $16.17 on Tuesday. The stock has a market capitalization of $140,230.00, a price-to-earnings ratio of 18.80, a PEG ratio of 3.01 and a beta of 1.07. General Electric has a 52 week low of $15.80 and a 52 week high of $30.59. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 1.14.

In other General Electric news, Director Steven M. Mollenkopf bought 5,500 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was acquired at an average price of $18.24 per share, for a total transaction of $100,320.00. Following the completion of the transaction, the director now directly owns 5,500 shares of the company’s stock, valued at $100,320. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Francisco Dsouza bought 55,000 shares of the company’s stock in a transaction on Monday, November 20th. The shares were acquired at an average price of $17.94 per share, with a total value of $986,700.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 120,500 shares of company stock valued at $2,183,220. 0.36% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of General Electric by 4,215.4% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 54,124,364 shares of the conglomerate’s stock valued at $1,308,727,000 after acquiring an additional 52,870,164 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of General Electric by 43.8% during the second quarter. Franklin Resources Inc. now owns 78,024,403 shares of the conglomerate’s stock valued at $2,107,438,000 after acquiring an additional 23,764,129 shares in the last quarter. BlackRock Inc. raised its stake in shares of General Electric by 3.9% during the second quarter. BlackRock Inc. now owns 517,315,514 shares of the conglomerate’s stock valued at $13,972,691,000 after acquiring an additional 19,422,516 shares in the last quarter. Capital Research Global Investors raised its stake in shares of General Electric by 18.6% during the second quarter. Capital Research Global Investors now owns 91,205,460 shares of the conglomerate’s stock valued at $2,463,459,000 after acquiring an additional 14,316,281 shares in the last quarter. Finally, Boston Partners raised its stake in shares of General Electric by 7,892.3% during the second quarter. Boston Partners now owns 14,228,611 shares of the conglomerate’s stock valued at $384,315,000 after acquiring an additional 14,050,581 shares in the last quarter. Institutional investors and hedge funds own 55.62% of the company’s stock.

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About General Electric

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.

Analyst Recommendations for General Electric (NYSE:GE)

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