UBS Group Boosts General Electric (NYSE:GE) Price Target to $209.00

General Electric (NYSE:GE - Get Free Report) had its price target upped by UBS Group from $201.00 to $209.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has a "buy" rating on the conglomerate's stock. UBS Group's price target suggests a potential upside of 31.46% from the company's current price.

Several other analysts have also recently weighed in on GE. Royal Bank of Canada boosted their price objective on shares of General Electric from $165.00 to $175.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 24th. The Goldman Sachs Group boosted their target price on shares of General Electric from $190.00 to $211.00 and gave the company a "buy" rating in a report on Wednesday, April 24th. Barclays dropped their target price on shares of General Electric from $181.00 to $175.00 and set an "overweight" rating on the stock in a report on Wednesday, April 3rd. Wells Fargo & Company boosted their target price on shares of General Electric from $165.00 to $192.00 and gave the company an "overweight" rating in a report on Monday, April 29th. Finally, Bank of America boosted their target price on shares of General Electric from $165.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $181.93.

General Electric Trading Up 0.0 %

Shares of General Electric stock traded up $0.01 during trading on Monday, hitting $158.98. The company's stock had a trading volume of 4,433,602 shares, compared to its average volume of 7,324,816. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.82. General Electric has a 52 week low of $84.42 and a 52 week high of $170.80. The stock has a market cap of $174.02 billion, a price-to-earnings ratio of 52.12, a price-to-earnings-growth ratio of 1.69 and a beta of 1.22. The stock has a 50-day moving average price of $162.36 and a two-hundred day moving average price of $151.59.

General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.17. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The company had revenue of $16.10 billion for the quarter, compared to analysts' expectations of $15.25 billion. During the same quarter in the previous year, the firm posted $0.27 earnings per share. General Electric's revenue for the quarter was up 11.1% on a year-over-year basis. Equities research analysts anticipate that General Electric will post 4 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Russell Stokes sold 45,309 shares of the company's stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $162.82, for a total value of $7,377,211.38. Following the sale, the senior vice president now owns 112,958 shares in the company, valued at approximately $18,391,821.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.66% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On General Electric

A number of institutional investors and hedge funds have recently made changes to their positions in GE. Richardson Financial Services Inc. bought a new stake in General Electric in the 1st quarter worth about $34,000. Halpern Financial Inc. grew its position in General Electric by 968.4% in the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate's stock worth $25,000 after purchasing an additional 184 shares in the last quarter. ANTIPODES PARTNERS Ltd bought a new stake in General Electric in the 1st quarter worth about $37,000. Criterion Capital Advisors LLC bought a new position in shares of General Electric during the 4th quarter valued at approximately $27,000. Finally, CGC Financial Services LLC grew its position in shares of General Electric by 90.2% during the 4th quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate's stock valued at $30,000 after acquiring an additional 110 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

About General Electric

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.