Philips (PHIA) Given Average Rating of “Buy” by Analysts

Philips (AMS:PHIA) has earned an average rating of “Buy” from the sixteen analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is €36.04 ($43.95).

A number of analysts have recently commented on the company. Barclays set a €33.00 ($40.24) price objective on Philips and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. UBS set a €38.00 ($46.34) price objective on Philips and gave the stock a “buy” rating in a research note on Friday, March 16th. Credit Suisse Group set a €37.00 ($45.12) price objective on Philips and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Goldman Sachs set a €39.00 ($47.56) price objective on Philips and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Finally, S&P Global set a €36.00 ($43.90) price objective on Philips and gave the stock a “buy” rating in a research note on Wednesday, January 31st.

Shares of PHIA traded up €0.97 ($1.18) during midday trading on Thursday, reaching €32.72 ($39.90). The stock had a trading volume of 4,210,000 shares, compared to its average volume of 3,650,000. Philips has a 52 week low of €28.92 ($35.27) and a 52 week high of €36.12 ($44.05).

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 Philips (AMS:PHIA)

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