Koninklijke Philips NV (PHIA) Given a €29.70 Price Target at Morgan Stanley
Koninklijke Philips NV (AMS:PHIA) has been given a €29.70 ($34.53) target price by analysts at Morgan Stanley in a research report issued to clients and investors on Tuesday. The firm currently has a “neutral” rating on the stock. Morgan Stanley’s target price points to a potential downside of 10.76% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Credit Suisse Group set a €38.00 ($44.19) price target on shares of Koninklijke Philips NV and gave the stock a “buy” rating in a report on Monday, November 6th. Goldman Sachs Group, Inc. (The) set a €39.00 ($45.35) price objective on shares of Koninklijke Philips NV and gave the company a “buy” rating in a research note on Tuesday, November 7th. HSBC Holdings plc set a €39.00 ($45.35) price objective on shares of Koninklijke Philips NV and gave the company a “buy” rating in a research note on Wednesday, November 8th. J P Morgan Chase & Co set a €36.80 ($42.79) price objective on shares of Koninklijke Philips NV and gave the company a “neutral” rating in a research note on Friday. Finally, Citigroup Inc. set a €36.00 ($41.86) price objective on shares of Koninklijke Philips NV and gave the company a “buy” rating in a research note on Tuesday, September 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of €34.54 ($40.16).
Shares of Koninklijke Philips NV (AMS PHIA) opened at €33.28 ($38.70) on Tuesday. Koninklijke Philips NV has a 12-month low of €26.40 ($30.70) and a 12-month high of €36.12 ($42.00).
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Koninklijke Philips NV Company Profile
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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