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Jefferies Sticks to Its Hold Rating for Koninklijke Philips N.V. (0LNG)

Tipranks - Tipranks - Sun Jan 18, 7:12AM CST

In a report released yesterday, James Vane from Jefferies maintained a Hold rating on Koninklijke Philips N.V.. The company’s shares closed yesterday at €25.64.

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Vane covers the Healthcare sector, focusing on stocks such as Fresenius SE & Co. KGaA, Gerresheimer, and SCHOTT Pharma AG & Co. KGaA. According to TipRanks, Vane has an average return of -1.0% and a 50.35% success rate on recommended stocks.

Koninklijke Philips N.V. has an analyst consensus of Moderate Buy, with a price target consensus of €25.94, which is a 1.17% upside from current levels. In a report released on January 15, TipRanks – Google also reiterated a Hold rating on the stock with a €27.00 price target.

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Based on Koninklijke Philips N.V.’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of €4.3 billion and a net profit of €184 million. In comparison, last year the company earned a revenue of €4.38 billion and had a net profit of €181 million

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