Shares of Koninklijke Philips NV (AMS:PHIA) have been given an average rating of “Buy” by the seventeen brokerages that are presently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is €39.79 ($46.27).

Several brokerages have recently issued reports on PHIA. Deutsche Bank set a €43.00 ($50.00) target price on shares of Koninklijke Philips and gave the company a “buy” rating in a research note on Monday, July 2nd. Credit Suisse Group set a €39.00 ($45.35) target price on shares of Koninklijke Philips and gave the company a “buy” rating in a research note on Tuesday, July 24th. Berenberg Bank set a €40.00 ($46.51) target price on shares of Koninklijke Philips and gave the company a “buy” rating in a research note on Monday. Morgan Stanley set a €36.00 ($41.86) target price on shares of Koninklijke Philips and gave the company a “neutral” rating in a research note on Tuesday. Finally, Kepler Capital Markets set a €36.00 ($41.86) target price on shares of Koninklijke Philips and gave the company a “neutral” rating in a research note on Monday, July 23rd.

AMS:PHIA traded up €0.97 ($1.13) during mid-day trading on Thursday, reaching €32.72 ($38.05). 4,210,000 shares of the company were exchanged, compared to its average volume of 3,650,000. Koninklijke Philips has a 12 month low of €28.92 ($33.63) and a 12 month high of €36.12 ($42.00).

About Koninklijke Philips

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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Analyst Recommendations for Koninklijke Philips (AMS:PHIA)

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