Barclays Sticks to Their Buy Rating for Baker Hughes a GE company (BHGE)


In a report released yesterday, David Anderson from Barclays maintained a Buy rating on Baker Hughes a GE company (NYSE: BHGE), with a price target of $35. The company’s shares closed yesterday at $31.92.

According to TipRanks.com, Anderson is ranked 0 out of 5 stars with an average return of -3.8% and a 37.6% success rate. Anderson covers the Basic Materials sector, focusing on stocks such as Frank’s International, US Silica Holdings, and Forum Energy Tech.

Baker Hughes a GE company has an analyst consensus of Strong Buy, with a price target consensus of $38.30, implying a 20.0% upside from current levels. In a report issued on October 9, Jefferies also upgraded the stock to Buy with a $38 price target.

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The company has a one-year high of $37.76 and a one-year low of $25.53. Currently, Baker Hughes a GE company has an average volume of 3.35M.

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Baker Hughes, a GE Co. is a holding company, which engages in the provision of oilfield products, services, and digital solutions. Through its subsidiaries, it helps its customers acquire, transport, and refine hydrocarbons a smaller environmental footprint. It offers products and services for upstream, midstream, downstream, industrial, and digital.

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