Goldman Sachs Group set a €39.00 ($48.15) price objective on Koninklijke Philips (AMS:PHIA) in a research note published on Tuesday, January 30th. The firm currently has a buy rating on the stock.
Other equities research analysts also recently issued research reports about the company. Credit Suisse Group set a €38.00 ($46.91) price objective on Koninklijke Philips and gave the company a buy rating in a report on Monday, November 6th. JPMorgan Chase & Co. set a €37.00 ($45.68) price objective on Koninklijke Philips and gave the company a buy rating in a report on Friday, November 3rd. set a €39.00 ($48.15) price objective on Koninklijke Philips and gave the company a buy rating in a report on Wednesday, November 8th. Commerzbank set a €40.00 ($49.38) price objective on Koninklijke Philips and gave the company a buy rating in a report on Thursday, December 14th. Finally, Bank of America set a €39.00 ($48.15) target price on Koninklijke Philips and gave the company a buy rating in a research note on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of €35.44 ($43.75).
Koninklijke Philips (AMS:PHIA) traded up €0.69 ($0.85) during midday trading on Tuesday, reaching €30.70 ($37.90). The company had a trading volume of 3,930,000 shares, compared to its average volume of 3,530,000. The company has a market capitalization of $28,890.00 and a P/E ratio of 35.70. Koninklijke Philips has a fifty-two week low of €27.26 ($33.65) and a fifty-two week high of €36.12 ($44.59).
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About Koninklijke Philips
Koninklijke Philips N.V. is the Netherlands-based health technology company. The Company’s segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, HealthTech Other and Legacy Items. The Personal Health businesses segment is engaged in the health continuum, delivering integrated, connected solutions that support healthier lifestyles and those living with chronic disease.
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