Shares of Koninklijke Philips NV (NYSE:PHG) have earned an average rating of “Buy” from the ten brokerages that are presently covering the firm. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $30.00.

Several equities analysts recently issued reports on PHG shares. Zacks Investment Research raised shares of Koninklijke Philips NV from a “sell” rating to a “hold” rating in a research note on Thursday. TheStreet raised shares of Koninklijke Philips NV from a “hold” rating to a “buy” rating in a research note on Wednesday, August 24th. HSBC raised shares of Koninklijke Philips NV from a “hold” rating to a “buy” rating in a research note on Wednesday, October 26th. Finally, Credit Suisse Group AG reissued a “buy” rating and set a $30.00 price objective on shares of Koninklijke Philips NV in a research note on Monday, October 24th.

Several large investors have recently added to or reduced their stakes in the company. Boston Partners acquired a new stake in Koninklijke Philips NV during the third quarter valued at about $200,274,000. Hotchkis & Wiley Capital Management LLC raised its stake in Koninklijke Philips NV by 12.5% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 9,574,104 shares of the company’s stock valued at $238,778,000 after buying an additional 1,067,118 shares during the last quarter. Becker Capital Management Inc. raised its stake in Koninklijke Philips NV by 5,000.7% in the third quarter. Becker Capital Management Inc. now owns 839,019 shares of the company’s stock valued at $24,827,000 after buying an additional 822,570 shares during the last quarter. Chartwell Investment Partners LLC acquired a new stake in Koninklijke Philips NV during the second quarter valued at about $19,497,000. Finally, BlackRock Investment Management LLC raised its stake in Koninklijke Philips NV by 512,143.7% in the third quarter. BlackRock Investment Management LLC now owns 691,529 shares of the company’s stock valued at $20,462,000 after buying an additional 691,394 shares during the last quarter. 6.62% of the stock is owned by institutional investors.

Koninklijke Philips NV (NYSE:PHG) opened at 29.12 on Tuesday. Koninklijke Philips NV has a 1-year low of $23.00 and a 1-year high of $30.61. The firm has a 50 day moving average of $29.49 and a 200 day moving average of $27.53. The firm has a market cap of $26.91 billion, a P/E ratio of 31.52 and a beta of 1.38.

About Koninklijke Philips NV

Koninklijke Philips N.V. is a health and well-being company. The Company operates through three segments: Healthcare, Consumer Lifestyle and Lighting. Its Healthcare segment consists of imaging systems, healthcare informatics, services and solutions, patient care and monitoring solutions, and customer services.

5 Day Chart for NYSE:PHG

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