General Electric (NYSE:GE) Rating Reiterated

New York: In a note released on Tuesday morning, Deutsche Bank reconfirmed their “Sell” rating on shares of General Electric (NYSE:GE). They currently have a $15.0 PT on the company. Deutsche Bank’s target would indicate a potential downside of -25.60 % from the company’s previous close.

NYSE:GE is currently trading -0.83% lower at $17.83 as of 8:13 AM New York time. General Electric’s stock is 0% over the past 200 days. It has underperformed the Standard & Poor’s 500 index, which has increased 6.00% over the same time period.

According to data compiled by Thomson Reuters, General Electric (NYSE:GE)’s stock is covered by 14 equity analysts across the Street, with 1 analysts giving it a Sell rating, 10 a Buy rating, while 7 consider it a Hold. The 12-month consensus target price for the stock is $32.79, which reflects an upside potential of 83.90% over the current price.

Institutional Ownership

Trian Fund Management L.P. had the largest stake with ownership of 72.62M shares as of q2 2015 for 21.02% of the portfolio. Trustco Bank Corp N Y is another quite bullish investment manager who is possessing 324,095 shares of General Electric or 11.24% of their portfolio. Moreover, Albion Financial Group Ut have 10.08% of their portfolio invested in the company for 1.99M shares. The France-based fund Natixis Asset Management revealed it had bought a stake worth about 8.78% of the investment manager’s stock portfolio in General Electric. The North Carolina-based fund Saybrook Capital Nc is also positive about the stock, possessing 2.90M shares or 6.8% of their portfolio.

General Electric (NYSE:GE) Profile

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.

General Electric (NYSE:GE) traded down -0.83% on 21 November, hitting $17.83. A total of 77.57 million shares of the company’s stock traded hands. This is down from average of 98.44 million shares. General Electric has a 52 week low of $17.46 and a 52 week high of $32.38. The company has a market cap of $154.62 billion and a P/E ratio of 20.78.

Get the latest General Electric (NYSE:GE) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post -25.60 % to Target, Deutsche Bank Reconfirms “Sell” Rating for General Electric (NYSE:GE) Stock appeared first on Octafinance.