Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for General Electric (NYSE:GE) Stock Price

General Electric (NYSE:GE - Get Free Report) had its price objective reduced by Deutsche Bank Aktiengesellschaft from $235.00 to $228.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a "buy" rating on the conglomerate's stock. Deutsche Bank Aktiengesellschaft's price target would indicate a potential upside of 35.24% from the stock's previous close.

A number of other research firms have also issued reports on GE. UBS Group boosted their price target on shares of General Electric from $223.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Citigroup boosted their target price on shares of General Electric from $198.00 to $216.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Wells Fargo & Company raised their target price on General Electric from $210.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Sanford C. Bernstein lifted their price target on General Electric from $201.00 to $225.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Finally, 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 note on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $201.47.

General Electric Price Performance

Shares of NYSE GE traded up $1.80 during midday trading on Thursday, reaching $168.59. The company's stock had a trading volume of 4,147,653 shares, compared to its average volume of 6,084,345. General Electric has a one year low of $98.92 and a one year high of $194.80. The company has a market cap of $182.46 billion, a price-to-earnings ratio of 29.63, a price-to-earnings-growth ratio of 1.66 and a beta of 1.17. The company has a 50 day moving average price of $174.59 and a 200 day moving average price of $173.00. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. The company had revenue of $9.84 billion for the quarter, compared to analysts' expectations of $9.02 billion. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The firm's revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 earnings per share. On average, equities research analysts expect that General Electric will post 4.24 EPS for the current year.

Insider Activity at General Electric

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the company's 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 completion of the sale, the senior vice president now owns 148,857 shares of the company's stock, valued at $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The sale 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 shares were sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the completion of the transaction, the senior vice president now directly owns 13,289 shares in the company, valued at approximately $2,407,036.57. This represents a 34.50 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Toth Financial Advisory Corp bought a new stake in shares of General Electric in the third quarter valued at about $25,000. Valley Wealth Managers Inc. acquired a new position in General Electric in the 3rd quarter valued at approximately $25,000. O Brien Wealth Partners LLC bought a new stake in shares of General Electric in the 3rd quarter worth approximately $27,000. Peterson Financial Group Inc. acquired a new stake in shares of General Electric during the 3rd quarter worth approximately $28,000. Finally, Studio Investment Management LLC increased its position in shares of General Electric by 97.5% during the second quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate's stock valued at $25,000 after purchasing an additional 78 shares during the period. 74.77% of the stock is currently owned by institutional investors and hedge funds.

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.