Citigroup Increases General Electric (NYSE:GE) Price Target to $235.00

General Electric (NYSE:GE - Get Free Report) had its price target hoisted by investment analysts at Citigroup from $216.00 to $235.00 in a research report issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the conglomerate's stock. Citigroup's price target points to a potential upside of 20.95% from the stock's previous close.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. increased their price objective on General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday. Bank of America increased their price objective on General Electric from $180.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Sanford C. Bernstein increased their price objective on General Electric from $201.00 to $225.00 and gave the stock an "outperform" rating in a research report on Monday, October 14th. Northcoast Research assumed coverage on General Electric in a research report on Tuesday, January 7th. They issued a "neutral" rating for the company. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, General Electric presently has an average rating of "Moderate Buy" and an average price target of $208.73.

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General Electric Stock Performance

Shares of GE stock traded down $2.45 during trading hours on Monday, hitting $194.30. The stock had a trading volume of 7,672,036 shares, compared to its average volume of 6,601,407. The firm has a market capitalization of $210.29 billion, a PE ratio of 34.15, a PEG ratio of 1.53 and a beta of 1.19. General Electric has a twelve month low of $103.75 and a twelve month high of $207.65. The stock's 50 day moving average is $175.33 and its 200 day moving average is $175.15. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 18.93% and a net margin of 11.48%. As a group, research analysts forecast that General Electric will post 4.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other General Electric news, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the sale, the senior vice president now directly owns 148,857 shares in the company, valued at $26,539,714.53. The trade was a 9.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total value of $1,267,910.00. Following the sale, the senior vice president now owns 13,289 shares in the company, valued at $2,407,036.57. This represents a 34.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GE. Toth Financial Advisory Corp acquired a new stake in shares of General Electric in the third quarter valued at $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of General Electric during the third quarter worth $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of General Electric during the third quarter worth $27,000. Peterson Financial Group Inc. acquired a new position in General Electric during the third quarter valued at $28,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in General Electric during the third quarter valued at $30,000. Institutional investors and hedge funds own 74.77% of the company's stock.

General Electric Company Profile

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.