General Electric Company with ticker code (GE) now have 18 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 110 and 84.2 calculating the average target price we see $100.89. Given that the stocks previous close was at $96.77 this indicates there is a potential upside of 4.3%. Also worth taking note is the 50 day moving average now sits at $89.01 and the 200 day MA is $68.26. The total market capitalization for the company now stands at $107,360m. You can visit the company’s website by visiting: https://www.ge.com
The potential market cap would be $111,931m based on the market consensus.
General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers. The company also provides various solutions for its customers through combining onshore and offshore wind, blade manufacturing, grid solutions, hydro, storage, hybrid renewables, and digital services offerings. In addition, it designs and produces commercial and military aircraft engines, integrated engine components, electric power, and mechanical aircraft systems; and provides aftermarket services. Further, it provides healthcare technologies to developed and emerging markets in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery and performance improvement solutions that are the building blocks of precision health to hospitals and medical facilities. Additionally, the company engages in the provision of various financial solutions; and management of run-off insurance operations, which provides life and health insurance and reinsurance products, as well as grid management software. General Electric Company was incorporated in 1892 and is headquartered in Boston, Massachusetts.
The company has a dividend yield of 0.32% with the ex dividend date set at 6-3-2023 (DMY).
Other points of data to note are a P/E ratio of 185.79, revenue per share of 69.85 and a 1.59% return on assets.
