Investment analysts at Citigroup Inc. initiated coverage on shares of Koninklijke Philips NV (NYSE:PHG) in a note issued to investors on Wednesday. The brokerage set a “buy” rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Koninklijke Philips NV from a “sell” rating to a “hold” rating in a research report on Thursday, November 10th. HSBC raised shares of Koninklijke Philips NV from a “hold” rating to a “buy” rating in a research report on Wednesday, October 26th. Credit Suisse Group AG reissued a “buy” rating and set a $30.00 price objective on shares of Koninklijke Philips NV in a research report on Monday, October 24th. Finally, TheStreet raised shares of Koninklijke Philips NV from a “hold” rating to a “buy” rating in a research report on Wednesday, August 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. Koninklijke Philips NV currently has a consensus rating of “Buy” and a consensus target price of $31.00.

Analyst Recommendations for Koninklijke Philips NV (NYSE:PHG)

Shares of Koninklijke Philips NV (NYSE:PHG) opened at 29.17 on Wednesday. The company has a market cap of $26.96 billion, a PE ratio of 32.05 and a beta of 1.38. The stock’s 50 day moving average price is $29.37 and its 200-day moving average price is $27.62. Koninklijke Philips NV has a one year low of $23.00 and a one year high of $30.61.

Institutional investors have recently bought and sold shares of the company. HBK Investments L P purchased a new position in Koninklijke Philips NV during the first quarter valued at approximately $365,000. Renaissance Technologies LLC boosted its position in Koninklijke Philips NV by 987.0% in the first quarter. Renaissance Technologies LLC now owns 646,824 shares of the company’s stock valued at $18,467,000 after buying an additional 587,319 shares in the last quarter. Barclays PLC boosted its position in Koninklijke Philips NV by 536,200.0% in the first quarter. Barclays PLC now owns 10,726 shares of the company’s stock valued at $301,000 after buying an additional 10,724 shares in the last quarter. Logan Capital Management Inc. boosted its position in Koninklijke Philips NV by 5.0% in the first quarter. Logan Capital Management Inc. now owns 33,950 shares of the company’s stock valued at $969,000 after buying an additional 1,625 shares in the last quarter. Finally, First Republic Investment Management Inc. boosted its position in Koninklijke Philips NV by 22.0% in the first quarter. First Republic Investment Management Inc. now owns 18,260 shares of the company’s stock valued at $521,000 after buying an additional 3,293 shares in the last quarter. 7.11% of the stock is currently owned by hedge funds and other institutional investors.

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Koninklijke Philips NV Company Profile

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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