Shares of General Electric closed yesterday at $31.48, up $0.93 or 3.04%. GE has a 1-year high of $32.05 and a 1-year low of $19.37. The stock’s 50-day moving average is $30.01 and its 200-day moving average is $29.74.
On the ratings front, General Electric has been the subject of a number of recent research reports. In a report issued on June 29, J.P. Morgan analyst Stephen Tusa maintained a Sell rating on GE. Separately, on June 28, William Blair’s Nicholas Heymann reiterated a Buy rating on the stock and has a price target of $38.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Stephen Tusa and Nicholas Heymann have a total average return of 3.9% and 4.5% respectively. Tusa has a success rate of 62% and is ranked #889 out of 4001 analysts, while Heymann has a success rate of 61% and is ranked #1372.
The street is mostly Bullish on GE stock. Out of 12 analysts who cover the stock, 6 suggest a Buy rating , 5 suggest a Hold and one recommends to Sell the stock. The 12-month average price target assigned to the stock is $32.29, which represents a slight upside potential from current levels.