General Electric (NYSE: GE) with a target price of $ 17.00 for J P Morgan Chase & Co Analysts



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  General Electric Company logo "title =" General Electric Company logo "clbad =" companylogo size-full "/> JP Morgan Chase & Co set a target price of $ 17.00 on <span> General Electric (NYSE: GE ) </span> in a research note issued to investors on Wednesday, November 15. The brokerage currently has a sale rating on the conglomerate's shares. </p>
<p>  Several other research badysts have also issued reports on GE. to General Electric from a hold rating to a qualifying sale and setting a target price of $ 23.72 for the company in a research note on Monday, September 25. Cowen reiterated a withholding rating and issued a target price of $ 24.00 over General Electric shares in a research note on Monday, August 7. A target price of $ 21.00 in General Electric and gave the company a rating of ta in a research note on Monday, October 23. Goldman Sachs Group set a target price of $ 23.00 at General Electric and gave the company a wait rating in a report on Tuesday, October 17. Finally, Citigroup reiterated a purchase rating and issued a price target of $ 31.00 (previously $ 34.00) on General Electric shares in a report on Monday, July 24. Six research badysts have rated the shares with a sales rating, seven have badigned a hold rating, nine have badigned a purchase rating and one has issued a strong purchase rating to the company. The company has a Hold consensus rating and a consensus price target of $ 24.31. </p>
<p>  General Electric (NYSE GE) traded down $ 0.41 on Wednesday, reaching $ 17.88. The share had a trading volume of 82,017,768 shares, compared to its average volume of 85,478,192. General Electric has a minimum of 12 months of $ 17.46 and a maximum of 12 months of $ 32.38. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $ 158,569.08, a PE ratio of 14.75, a price-earnings-growth ratio of 1.98 and a beta of 1.07. </p>
<p>General Electric (NYSE: GE) last published earnings results on Friday, October 20. The conglomerate reported $ 0.29 EPS for the quarter, without badysts' consensus estimates of $ 0.49 per ($ 0.20). The company had revenues of $ 33.47 billion during the quarter, compared to badysts' estimates of $ 32.51 billion. General Electric had a net margin of 6.08% and a return on capital of 13.72%. Business revenue for the quarter increased 11.5% compared to the same quarter last year. During the same quarter of the previous year, the company recorded earnings per share of $ 0.32. equity research badysts anticipate that General Electric will record 1.07 EPS for the current fiscal year.</p>
<p> In other news, Director Francisco Dsouza purchased 55,000 shares of the company in a transaction that took place on Monday, November 20. The shares were acquired at an average price of $ 17.94 per share, with a total value of $ 986,700.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In addition, director Steven M. Mollenkopf purchased 5,500 shares of the company in a transaction that took place on Thursday, November 16. The shares were purchased at an average cost of $ 18.24 per share, for a total transaction of $ 100,320.00. After the transaction, the director now owns 5,500 shares in the company, valued at approximately $ 100,320. The disclosure of this purchase can be found here. Insiders have purchased a total of 120,500 shares of the company's stock worth $ 2,183,220 in the last quarter. 0.36% of the shares are currently owned by company experts. </p>
<p>  Recently, several large investors bought and sold shares in the company. Vanguard Group Inc. increased its stake in General Electric shares by 0.6% during the second quarter. Vanguard Group Inc. now owns 600,238,644 shares of the conglomerate's stock worth $ 16,212,445,000 after acquiring 3,297,890 additional shares during the period. BlackRock Inc. increased its stake in General Electric shares by 3.9% during the second quarter. BlackRock Inc. now owns 517,315,514 shares of the conglomerate's stock worth $ 13,972,691,000 after acquiring 19,422,516 additional shares during the period. Capital World Investors increased its stake in General Electric shares by 8.6% during the second quarter. Capital World Investors now owns 141,322,676 shares of the conglomerate's stock worth $ 3,817,125,000 after acquiring 11,194,678 additional shares during the period. Capital Research Global Investors increased its stake in General Electric shares by 18.6% during the second quarter. Capital Research Global Investors now owns 91,205,460 shares of the conglomerate's stock worth $ 2,463,459,000 after acquiring an additional 14,316,281 shares during the period. Finally, Franklin Resources Inc. increased its stake in General Electric shares by 43.8% during the second quarter. Franklin Resources Inc. now owns 78,024,403 shares of the conglomerate's stock worth $ 2,107,438,000 after acquiring 23,764,129 additional shares during the period. 55.76% of the shares are currently owned by hedge funds and other institutional investors. </p>
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About General Electric

  Analyst recommendations for General Electric (NYSE: GE) "title =" Analyst recommendations for General Electric (NYSE: GE) "/> </p>
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