Morgan Stanley set a €29.00 ($34.12) target price on Koninklijke Philips NV (AMS:PHIA) in a report published on Thursday morning. The brokerage currently has a neutral rating on the stock.

Other research analysts also recently issued reports about the company. UBS AG set a €36.00 ($42.35) price objective on Koninklijke Philips NV and gave the stock a buy rating in a research note on Monday, July 24th. Citigroup Inc. set a €36.00 ($42.35) price objective on Koninklijke Philips NV and gave the stock a buy rating in a research note on Thursday, June 22nd. J P Morgan Chase & Co set a €35.00 ($41.18) price objective on Koninklijke Philips NV and gave the stock a buy rating in a research note on Thursday, June 29th. Barclays PLC set a €29.00 ($34.12) price objective on Koninklijke Philips NV and gave the stock a neutral rating in a research note on Tuesday, July 25th. Finally, Deutsche Bank AG set a €34.00 ($40.00) price objective on Koninklijke Philips NV and gave the stock a neutral rating in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of €34.08 ($40.09).

Shares of Koninklijke Philips NV (AMS PHIA) opened at 34.98 on Thursday. The firm has a market capitalization of €32.78 billion and a P/E ratio of 22.25. The company’s 50 day moving average price is €33.61 and its 200 day moving average price is €32.02. Koninklijke Philips NV has a one year low of €25.70 and a one year high of €35.97.

COPYRIGHT VIOLATION WARNING: “Morgan Stanley Reiterates €29.00 Price Target for Koninklijke Philips NV (PHIA)” was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another website, it was stolen and reposted in violation of U.S. and international copyright and trademark legislation. The original version of this piece can be viewed at https://www.watchlistnews.com/morgan-stanley-reiterates-29-00-price-target-for-koninklijke-philips-nv-phia/1618525.html.

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.

Analyst Recommendations for Koninklijke Philips NV (AMS:PHIA)

Receive News & Ratings for Koninklijke Philips NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Koninklijke Philips NV and related companies with Analyst Ratings Network's FREE daily email newsletter.