Brokerages Set Koninklijke Philips NV (PHIA) PT at $35.38

Shares of Koninklijke Philips NV (AMS:PHIA) have been assigned an average recommendation of “Buy” from the sixteen research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is €35.38 ($43.67).

A number of analysts recently issued reports on PHIA shares. JPMorgan Chase set a €36.80 ($45.43) price objective on Koninklijke Philips and gave the company a “neutral” rating in a research note on Wednesday, January 10th. S&P Global set a €36.00 ($44.44) price objective on Koninklijke Philips and gave the company a “buy” rating in a research note on Wednesday, January 31st. Commerzbank set a €40.00 ($49.38) price objective on Koninklijke Philips and gave the company a “buy” rating in a research note on Thursday, December 14th. Goldman Sachs set a €39.00 ($48.15) price objective on Koninklijke Philips and gave the company a “buy” rating in a research note on Monday, February 12th. Finally, Credit Suisse Group set a €37.00 ($45.68) price objective on Koninklijke Philips and gave the company a “buy” rating in a research note on Wednesday, January 31st.

Shares of AMS:PHIA traded up €0.97 ($1.20) during midday trading on Friday, reaching €32.72 ($40.40). 4,210,000 shares of the company traded hands, compared to its average volume of 3,650,000. Koninklijke Philips has a 12 month low of €28.92 ($35.70) and a 12 month high of €36.12 ($44.59).

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Koninklijke Philips 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 (AMS:PHIA)

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