November 23, 2016 - By Vivian Park
The firm Citigroup has started coverage on Koninklijke Philips N.V (NYSE:PHG)‘s stock, rating it “Buy”. This was issued to clients in analysts note on Wednesday, 23 November.
Out of 9 analysts covering Koninklijke Philips N.V. (NYSE:PHG), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. Koninklijke Philips N.V. has been the topic of 9 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The rating was upgraded by HSBC to “Buy” on Wednesday, October 26. On Tuesday, September 8 the stock rating was initiated by Credit Suisse with “Outperform”. The firm has “Equal Weight” rating given on Tuesday, July 28 by Barclays Capital. The stock of Koninklijke Philips NV (ADR) (NYSE:PHG) earned “Buy” rating by UBS on Wednesday, August 10. The firm has “Hold” rating given on Friday, November 27 by ING Group. As per Thursday, August 27, the company rating was upgraded by Nomura. The rating was upgraded by BNP Paribas on Wednesday, May 11 to “Outperform”. The firm earned “Buy” rating on Tuesday, July 28 by Societe Generale. On Wednesday, September 2 the stock rating was upgraded by RBC Capital Markets to “Outperform”.
About 849,941 shares traded hands. Koninklijke Philips NV (ADR) (NYSE:PHG) has risen 2.93% since April 21, 2016 and is uptrending. It has underperformed by 2.40% the S&P500.
Koninklijke Philips N.V. is a health and well-being company. The company has a market cap of $27.95 billion. The Firm operates through three divisions: Healthcare, Consumer Lifestyle and Lighting. It has a 67.89 P/E ratio. The Company’s Healthcare segment consists of imaging systems, healthcare informatics, services and solutions, patient care and monitoring solutions, and customer services.
According to Zacks Investment Research, “Koninklijke Philips Electronics N.V. is the parent company of Philips, a widely diversified multinational group of electronic and electrical products, systems and equipment, as well as information technology services.”
Koninklijke Philips N.V. (Royal Philips), incorporated on November 14, 2000, is a health and wellbeing company. The Firm operates through three divisions: Healthcare, Consumer Lifestyle and Lighting. It also operates in the Innovation, Group & Services (IG&S) sector. The Firm has approximately 90 production sites in over 20 countries, and sales and service outlets in approximately 100 countries. It also offers the global shared business services for procurement, finance, human resources, information technology (IT) and real estate. The Firm is the parent firm of the Philips Group (Philips). The Innovation, Group & Services sector includes the activities of Phillips Group Innovation (PGI), and Group and regional management organizations. The Firm offers cardiac care, acute care and home healthcare, lighting solutions and new lighting applications, as well as male shaving and grooming, and oral healthcare.
Another recent and important Koninklijke Philips NV (ADR) (NYSE:PHG) news was published by Investorplace.com which published an article titled: “Koninklijke Philips NV (ADR) IPO: World’s Largest Light Maker Plans Spinoff” on May 03, 2016.
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By Vivian Park