Koninklijke Philips NV (AMS:PHIA) Receives €42.40 Consensus Price Target from Brokerages
Shares of Koninklijke Philips NV (AMS:PHIA) have been given a consensus recommendation of “Buy” by the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is €42.40 ($49.30).
A number of brokerages recently weighed in on PHIA. HSBC set a €46.00 ($53.49) price objective on Koninklijke Philips and gave the company a “buy” rating in a report on Friday, July 26th. UBS Group set a €45.00 ($52.33) target price on Koninklijke Philips and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Berenberg Bank set a €48.00 ($55.81) price target on Koninklijke Philips and gave the stock a “buy” rating in a research report on Thursday, July 25th. Credit Suisse Group set a €42.00 ($48.84) price target on Koninklijke Philips and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Finally, Goldman Sachs Group set a €41.50 ($48.26) price objective on Koninklijke Philips and gave the company a “buy” rating in a research report on Monday.
Koninklijke Philips has a 52 week low of €28.92 ($33.63) and a 52 week high of €36.12 ($42.00).
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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