Koninklijke Philips NV (AMS:PHIA) has been given a €29.70 ($34.53) target price by research analysts at Morgan Stanley in a research report issued on Tuesday. The brokerage presently has a “neutral” rating on the stock. Morgan Stanley’s target price suggests a potential downside of 10.03% from the company’s previous close.
A number of other research firms also recently commented on PHIA. Barclays PLC set a €29.00 ($33.72) price objective on Koninklijke Philips NV and gave the stock a “neutral” rating in a report on Monday, October 23rd. J P Morgan Chase & Co set a €37.00 ($43.02) price objective on Koninklijke Philips NV and gave the stock a “buy” rating in a report on Friday, November 3rd. set a €39.00 ($45.35) price objective on Koninklijke Philips NV and gave the stock a “buy” rating in a report on Wednesday, November 8th. Goldman Sachs Group, Inc. (The) set a €39.00 ($45.35) target price on Koninklijke Philips NV and gave the company a “buy” rating in a research note on Thursday, October 12th. Finally, Jefferies Group LLC set a €25.00 ($29.07) target price on Koninklijke Philips NV and gave the company a “sell” rating in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. Koninklijke Philips NV presently has an average rating of “Hold” and an average target price of €34.54 ($40.16).
Koninklijke Philips NV (PHIA) opened at €33.01 ($38.38) on Tuesday. Koninklijke Philips NV has a twelve month low of €26.40 ($30.70) and a twelve month high of €36.12 ($42.00).
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Koninklijke Philips NV Company Profile
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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