Royal Bank of Canada Reaffirms Outperform Rating for GE Vernova (NYSE:GEV)

Royal Bank of Canada reissued their outperform rating on shares of GE Vernova (NYSE:GEV) in a research note issued to investors on Friday morning, Benzinga reports. Royal Bank of Canada currently has a $160.00 target price on the stock.

Separately, JPMorgan Chase & Co. raised shares of GE Vernova from a neutral rating to an overweight rating and set a $141.00 target price on the stock in a research report on Monday, April 8th.

GE Vernova Stock Down 1.7 %

NYSE GEV opened at $131.76 on Friday. GE Vernova has a 12 month low of $115.00 and a 12 month high of $152.48.

Institutional Trading of GE Vernova

An institutional investor recently bought a new position in GE Vernova stock. Anderson Hoagland & Co. purchased a new position in shares of GE Vernova (NYSE:GEV) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,428 shares of the company’s stock, valued at approximately $1,720,000.

GE Vernova Company Profile

GE Vernova is an energy company which includes Power, Wind and Electrification segments and is supported by its accelerator businesses of Advanced Research, Consulting Services and Financial Services. GE Vernova is headquartered in Cambridge, Massachusetts.