Trade Report: Today, Citigroup Inc. Begins Coverage on Koninklijke Philips NV (PHG)

Today, Citigroup Inc. Begins Coverage on Koninklijke Philips NV (PHG)

Citigroup Inc. assumed coverage on shares of Koninklijke Philips NV (NYSE:PHG) in a research report report published on Wednesday morning. The firm issued a buy rating on the stock.

Several other equities analysts also recently weighed in on the company. Zacks Investment Research upgraded Koninklijke Philips NV from a hold rating to a buy rating and set a $32.00 target price on the stock in a research report on Monday, September 12th. TheStreet raised Koninklijke Philips NV from a hold rating to a buy rating in a report on Wednesday, August 24th. Credit Suisse Group AG reaffirmed a buy rating and issued a $30.00 price target on shares of Koninklijke Philips NV in a report on Monday, October 24th. Finally, HSBC raised Koninklijke Philips NV from a hold rating to a buy rating in a report on Wednesday, October 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $31.00.

Shares of Koninklijke Philips NV (NYSE:PHG) opened at 28.65 on Wednesday. The stock has a market capitalization of $26.48 billion, a PE ratio of 32.41 and a beta of 1.38. Koninklijke Philips NV has a one year low of $23.00 and a one year high of $30.61. The firm has a 50 day moving average price of $29.33 and a 200 day moving average price of $27.69.

A number of large investors have recently bought and sold shares of PHG. Atwood & Palmer Inc. boosted its stake in Koninklijke Philips NV by 3.4% in the second quarter. Atwood & Palmer Inc. now owns 6,516 shares of the company’s stock valued at $163,000 after buying an additional 217 shares during the period. Capital One National Association acquired a new stake in Koninklijke Philips NV during the second quarter valued at about $260,000. Telemus Capital LLC boosted its stake in Koninklijke Philips NV by 20.9% in the second quarter. Telemus Capital LLC now owns 10,665 shares of the company’s stock valued at $266,000 after buying an additional 1,842 shares during the period. Highland Capital Management LLC boosted its stake in Koninklijke Philips NV by 4.7% in the second quarter. Highland Capital Management LLC now owns 82,705 shares of the company’s stock valued at $2,063,000 after buying an additional 3,749 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in Koninklijke Philips NV during the second quarter valued at about $703,000. 6.69% of the stock is owned by institutional investors.

Koninklijke Philips NV Company Profile

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