Breaking: Deutsche Bank Reiterates $18.0 PT On General Electric (NYSE:GE) Shares, Reiterates Their Original “Sell” Rating

January 19, 2018 - By Michael Collier

 Breaking: Deutsche Bank Reiterates $18.0 PT On General Electric (NYSE:GE) Shares, Reiterates Their Original

Investors sentiment decreased to 0.69 in 2017 Q3. Its down 0.10, from 0.79 in 2017Q2. It turned negative, as 112 investors sold General Electric Company shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 4.70 billion shares or 1.82% more from 4.61 billion shares in 2017Q2 were reported.

Nikko Asset Mgmt Americas Inc holds 0.08% or 65,100 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt reported 0.25% of its portfolio in General Electric Company (NYSE:GE). Murphy Pohlad Asset Management Ltd Limited Liability Company holds 151,943 shares or 2.55% of its portfolio. Ironwood Investment Mgmt Ltd Limited Liability Company holds 0.54% of its portfolio in General Electric Company (NYSE:GE) for 31,805 shares. Cutter & Brokerage Inc owns 0.19% invested in General Electric Company (NYSE:GE) for 19,657 shares. Commerzbank Aktiengesellschaft Fi holds 1.44% or 4.51M shares in its portfolio. Sawgrass Asset Management Ltd Liability Com stated it has 42,540 shares. New England Research owns 95,184 shares. First Wilshire Secs Management Incorporated holds 78,731 shares or 0.54% of its portfolio. Folger Nolan Fleming Douglas Mngmt owns 394,149 shares or 1.39% of their US portfolio. Whittier Trust Company holds 1.02% or 1.16M shares. 790,699 are held by Estabrook. Hap Trading Lc accumulated 11,036 shares. Personal invested in 0.5% or 1.06 million shares. Florida-based Steinberg Global Asset has invested 0.23% in General Electric Company (NYSE:GE).

Since August 8, 2017, it had 2 buys, and 1 insider sale for $4.48 million activity. TISCH JAMES S also bought $2.46 million worth of General Electric Company (NYSE:GE) on Tuesday, August 22. The insider Flannery John Leonard bought $2.66M.

General Electric (NYSE:GE) Rating Reaffirmed

Recently, In an analyst report made public on 30 October, General Electric (NYSE:GE) shares have had their “Sell” Rating reiterated by analysts at Deutsche Bank, who currently has a $18.0 PT on company. This target by Deutsche Bank suggests the possibile upside of 9.96 % from the stock close price.

Investors sentiment decreased to 0.69 in 2017 Q3. Its down 0.10, from 0.79 in 2017Q2. It turned negative, as 112 investors sold General Electric Company shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 4.70 billion shares or 1.82% more from 4.61 billion shares in 2017Q2 were reported.

Nikko Asset Mgmt Americas Inc holds 0.08% or 65,100 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt reported 0.25% of its portfolio in General Electric Company (NYSE:GE). Murphy Pohlad Asset Management Ltd Limited Liability Company holds 151,943 shares or 2.55% of its portfolio. Ironwood Investment Mgmt Ltd Limited Liability Company holds 0.54% of its portfolio in General Electric Company (NYSE:GE) for 31,805 shares. Cutter & Brokerage Inc owns 0.19% invested in General Electric Company (NYSE:GE) for 19,657 shares. Commerzbank Aktiengesellschaft Fi holds 1.44% or 4.51M shares in its portfolio. Sawgrass Asset Management Ltd Liability Com stated it has 42,540 shares. New England Research owns 95,184 shares. First Wilshire Secs Management Incorporated holds 78,731 shares or 0.54% of its portfolio. Folger Nolan Fleming Douglas Mngmt owns 394,149 shares or 1.39% of their US portfolio. Whittier Trust Company holds 1.02% or 1.16M shares. 790,699 are held by Estabrook. Hap Trading Lc accumulated 11,036 shares. Personal invested in 0.5% or 1.06 million shares. Florida-based Steinberg Global Asset has invested 0.23% in General Electric Company (NYSE:GE).

Since August 8, 2017, it had 2 buys, and 1 insider sale for $4.48 million activity. TISCH JAMES S also bought $2.46 million worth of General Electric Company (NYSE:GE) on Tuesday, August 22. The insider Flannery John Leonard bought $2.66M.

General Electric Company (NYSE:GE) Ratings Coverage

Among 27 analysts covering General Electric Company (NYSE:GE), 10 have Buy rating, 5 Sell and 12 Hold. Therefore 37% are positive. General Electric Company has $67 highest and $15.0 lowest target. $27.99’s average target is 71.04% above currents $16.365 stock price. General Electric Company had 82 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Tuesday, July 26 by Bernstein. CFRA downgraded General Electric Company (NYSE:GE) rating on Friday, July 21. CFRA has “Hold” rating and $2700 target. The company was initiated on Friday, July 22 by Standpoint Research. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, October 6. The stock of General Electric Company (NYSE:GE) has “Hold” rating given on Thursday, October 19 by Cowen & Co. Vetr upgraded it to “Buy” rating and $26.28 target in Wednesday, August 26 report. The firm earned “Sell” rating on Tuesday, November 21 by Deutsche Bank. The firm has “Hold” rating by Deutsche Bank given on Tuesday, August 25. On Monday, July 24 the stock rating was maintained by Oppenheimer with “Hold”. On Wednesday, September 16 the stock rating was upgraded by Credit Suisse to “Focus List”.

The stock decreased 2.42% or $0.405 during the last trading session, reaching $16.365. About 125.75 million shares traded or 41.71% up from the average. General Electric Company (NYSE:GE) has declined 4.46% since January 19, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

General Electric Company operates as an infrastructure and technology firm worldwide. The company has market cap of $141.92 billion. The Company’s Power segment offers gas and steam power systems; maintenance, service, and upgrade solutions; distributed power gas engines; water treatment, wastewater treatment, and process system solutions; and nuclear reactors, fuels, and support services. It has a 20.2 P/E ratio. The companyÂ’s Renewable Energy segment provides wind turbine platforms, and hardware and software; onshore and offshore wind turbines; and solutions, products, and services to hydropower industry.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “General Electric: Brace Yourself, New 52-Week Lows Ahead” on January 18, 2018, also Seekingalpha.com with their article: “GE: On A Wing And A Prayer” published on January 17, 2018, Seekingalpha.com published: “GE: There Is No Joy In Mudville” on January 19, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “Off The Charts: Investing/Trading General Electric As Of 01/17/2018” published on January 19, 2018 as well as Cnbc.com‘s news article titled: “Beware the ‘black hole’ that is GE, market watcher warns” with publication date: January 18, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.