The stock of Koninklijke Philips NV (ADR) (NYSE:PHG) is a huge mover today! About 373,259 shares traded hands. Koninklijke Philips NV (ADR) (NYSE:PHG) has risen 3.62% since April 26, 2016 and is uptrending. It has underperformed by 1.64% the S&P500.
The move comes after 5 months positive chart setup for the $26.97B company. It was reported on Nov, 29 by Barchart.com. We have $30.21 PT which if reached, will make NYSE:PHG worth $1.08 billion more.
Analysts await Koninklijke Philips NV (ADR) (NYSE:PHG) to report earnings on January, 24.
Koninklijke Philips NV (ADR) (NYSE:PHG) Ratings Coverage
Out of 10 analysts covering Koninklijke Philips N.V. (NYSE:PHG), 7 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 70% are positive. Koninklijke Philips N.V. has been the topic of 10 analyst reports since July 28, 2015 according to StockzIntelligence Inc. HSBC upgraded the stock to “Buy” rating in Wednesday, October 26 report. ING Group initiated the shares of PHG in a report on Friday, November 27 with “Hold” rating. The firm has “Outperform” rating by BNP Paribas given on Wednesday, May 11. Barclays Capital upgraded the stock to “Equal Weight” rating in Tuesday, July 28 report. Nomura upgraded Koninklijke Philips NV (ADR) (NYSE:PHG) on Thursday, August 27 to “Neutral” rating. Societe Generale upgraded Koninklijke Philips NV (ADR) (NYSE:PHG) on Tuesday, July 28 to “Buy” rating. The firm has “Outperform” rating by Credit Suisse given on Tuesday, September 8. On Wednesday, November 23 the stock rating was initiated by Citigroup with “Buy”. UBS upgraded the stock to “Buy” rating in Wednesday, August 10 report. The rating was upgraded by RBC Capital Markets on Wednesday, September 2 to “Outperform”.
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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