General Electric Company (GE) : Analyst Rating Update

General Electric Company (GE) : Zacks Investment Research ranks General Electric Company (GE) as 4, which is a Sell recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 2.31, which indicates as a Buy.

General Electric Company (GE) stock is expected to deviate a maximum of $2.94 from the average target price of $33 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $38 and the most muted being $28.

General Electric Company (NYSE:GE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.27 and $31.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.74, notching a gain of 0.92% for the day. The total traded volume was 32,105,905 . The stock had closed at $31.45 on the previous day.

Also, Cowen & Company initiates coverage on General Electric Company (NYSE:GE). The rating major has initiated the coverage with market perform rating on the shares. The Analysts at Cowen & Company announces a current price target of $29 per share. The rating by the firm was issued on June 7, 2016. The company shares have rallied 21.48% from its 1 Year high price. On Mar 31, 2016, the shares registered one year high at $32.05 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $30.26 and the 200 Day Moving Average price is recorded at $30.04.

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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