What’s Koninklijke Philips NV (ADR) (PHG) Upside After Touching 52-Week High?

September 16, 2017 - By Louis Casey

The stock of Koninklijke Philips NV (ADR) (NYSE:PHG) hit a new 52-week high and has $44.07 target or 7.00 % above today’s $41.19 share price. The 9 months bullish chart indicates low risk for the $38.70 billion company. The 1-year high was reported on Sep, 16 by Barchart.com. If the $44.07 price target is reached, the company will be worth $2.71B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.10% or $0.04 on September 15, reaching $41.19. About 2.18M shares traded or 118.00% up from the average. Koninklijke Philips NV (ADR) (NYSE:PHG) has risen 38.13% since September 16, 2016 and is uptrending. It has outperformed by 21.43% the S&P500.

Koninklijke Philips NV (ADR) (NYSE:PHG) Ratings Coverage

Among 13 analysts covering Koninklijke Philips N.V. (NYSE:PHG), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. Koninklijke Philips N.V. had 13 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was upgraded by Barclays Capital on Tuesday, July 28 to “Equal Weight”. The stock of Koninklijke Philips NV (ADR) (NYSE:PHG) earned “Buy” rating by HSBC on Wednesday, October 26. RBC Capital Markets upgraded the stock to “Outperform” rating in Wednesday, September 2 report. The firm has “Buy” rating by Citigroup given on Wednesday, November 23. The stock has “Outperform” rating by Credit Suisse on Tuesday, September 8. As per Wednesday, May 11, the company rating was upgraded by BNP Paribas. The stock of Koninklijke Philips NV (ADR) (NYSE:PHG) earned “Hold” rating by Deutsche Bank on Tuesday, June 20. The stock has “Neutral” rating by Natixis on Wednesday, June 21. The stock has “Buy” rating by UBS on Wednesday, August 10. The stock of Koninklijke Philips NV (ADR) (NYSE:PHG) earned “Hold” rating by ING Group on Friday, November 27.

More notable recent Koninklijke Philips NV (ADR) (NYSE:PHG) news were published by: Valuewalk.com which released: “Philips Intensifies Focus on LED Lighting; Creates Stand-Alone Company” on July 21, 2014, also Marketwatch.com with their article: “41.19” published on July 13, 2009, Marketwatch.com published: “Philips agrees to sell 80% interest in Lumileds” on December 12, 2016. More interesting news about Koninklijke Philips NV (ADR) (NYSE:PHG) were released by: Investorplace.com and their article: “Koninklijke Philips NV (ADR) IPO: World’s Largest Light Maker Plans Spinoff” published on May 03, 2016 as well as Valuewalk.com‘s news article titled: “Philips Splits Off Lighting In Historic Move” with publication date: September 23, 2014.

Koninklijke Philips N.V. is the Netherlands health technology company. The company has market cap of $38.70 billion. The Company’s divisions include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, HealthTech Other and Legacy Items. It has a 31.54 P/E ratio. 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.

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