The leading market experts have placed a mean price target of $33.71 on General Electric Company (NYSE:GE) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.48 a share for the upcoming quarter and $1.51 for the current fiscal.
The technical analysis of General Electric Company Common plainly substantiates that the 50-day moving average of General Electric Company Common is $31.51, and stock is trading $-0.22 points away or -0.70% from its 50-day moving average of $31.51. Further it is trading $0.53 or +1.74% away its 200-day moving average of $30.76. General Electric Company (NYSE:GE) 52-week high is $33.00 and the 52-week low is $24.26.
This explains if the stock moves $-1.71, it will post a 52-week high. In event of +28.98% decline, a 52-week low will be hit.
Taking the valuation aspect to emphasize the valuation of General Electric Company Common, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, General Electric Company (NYSE:GE) ratio came in at 26.43.
The stock last ended the trading session at $31.29 and registered a market cap of $280.40B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. General Electric Company (NYSE:GE) PEG ratio is at 1.66.
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