Stock Mover of The Day: Could Koninklijke Philips NV (ADR) Lose its Strength? The Stock Reaches 52-Week High

Stock Mover of The Day: Could Koninklijke Philips NV (ADR) Lose its Strength? The Stock Reaches 52 Week High

The stock of Koninklijke Philips NV (ADR) (NYSE:PHG) hit a new 52-week high and has $43.10 target or 42.00% above today’s $30.35 share price. The 7 months bullish chart indicates low risk for the $29.76B company. The 1-year high was reported on Nov, 8 by Barchart.com. If the $43.10 price target is reached, the company will be worth $12.50B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 168,228 shares traded hands. Koninklijke Philips NV (ADR) (NYSE:PHG) has risen 8.88% since April 5, 2016 and is uptrending. It has outperformed by 6.93% the S&P500.

Koninklijke Philips NV (ADR) (NYSE:PHG) Ratings Coverage

Out of 9 analysts covering Koninklijke Philips N.V. (NYSE:PHG), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. Koninklijke Philips N.V. has been the topic of 9 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Wednesday, May 11 by BNP Paribas. HSBC upgraded the shares of PHG in a report on Wednesday, October 26 to “Buy” rating. As per Tuesday, July 28, the company rating was upgraded by Societe Generale. The firm has “Outperform” rating by Credit Suisse given on Tuesday, September 8. As per Wednesday, September 2, the company rating was upgraded by RBC Capital Markets. On Thursday, August 27 the stock rating was upgraded by Nomura to “Neutral”. UBS upgraded the shares of PHG in a report on Wednesday, August 10 to “Buy” rating. ING Group initiated Koninklijke Philips NV (ADR) (NYSE:PHG) on Friday, November 27 with “Hold” rating. Barclays Capital upgraded the stock to “Equal Weight” rating in Tuesday, July 28 report.

According to Zacks Investment Research, “Koninklijke Philips Electronics N.V. is the parent company of Philips, a widely diversified multinational group of electronic and electrical products, systems and equipment, as well as information technology services.”

Another recent and important Koninklijke Philips NV (ADR) (NYSE:PHG) news was published by Investorplace.com which published an article titled: “Koninklijke Philips NV (ADR) IPO: World’s Largest Light Maker Plans Spinoff” on May 03, 2016.

PHG Company Profile

Koninklijke Philips N.V. (Royal Philips), incorporated on November 14, 2000, is a health and wellbeing company. The Firm operates through three divisions: Healthcare, Consumer Lifestyle and Lighting. It also operates in the Innovation, Group & Services (IG&S) sector. The Firm has approximately 90 production sites in over 20 countries, and sales and service outlets in approximately 100 countries. It also offers the global shared business services for procurement, finance, human resources, information technology (IT) and real estate. The Firm is the parent firm of the Philips Group (Philips). The Innovation, Group & Services sector includes the activities of Phillips Group Innovation (PGI), and Group and regional management organizations. The Firm offers cardiac care, acute care and home healthcare, lighting solutions and new lighting applications, as well as male shaving and grooming, and oral healthcare.

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