Brokerage Firm Rating Update on General Electric Company (GE)

General Electric Company (GE) : The consensus on General Electric Company (GE) based on 12 analyst recommendation on the company stock is 2.08, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

General Electric Company (GE) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $38 and the lowest price target forecast is $28. The average forecast of all the analysts is $33.9 and the expected standard deviation is $3.35.


For the current week, the company shares have a recommendation consensus of Buy. Also, Bernstein maintains its view on General Electric Company (NYSE:GE) according to the research report released by the firm to its investors. The shares have now been rated Market Perform by the stock experts at the ratings house. Bernstein maintains the current price target of $34 per share on General Electric Company. The rating by the firm was issued on July 26, 2016.

General Electric Company (NYSE:GE): The stock opened at $30.99 and touched an intraday high of $31.06 on Wednesday. During the day, the stock corrected to an intraday low of $30.8, however, the bulls stepped in and pushed the price higher to close in the green at $31.06 with a gain of 0.03% for the day. The total traded volume for the day was 27,266,887. The stock had closed at $31.05 in the previous trading session.

General Electric Company (GE) is a diversified infrastructure and financial services company. The products and services of the Company range from aircraft engines, power generation, oil and gas production equipment, and household appliances to medical imaging, business and consumer financing and industrial products. The Company operates its segments through its eight businesses, -based on the markets they serve: Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Appliances, and Lighting and GE Capital. GE Capital operates the following businesses: Commercial Lending and Leasing, Consumer, Real Estate, Energy Financial Services and GE Capital Aviation Services. The Company operates in approximately 175 countries.

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