General Electric Company (NYSE:GE) has been given a $30.00 target price by Societe Generale in a research note issued to investors on Monday, Analyst Ratings.Net reports. The firm currently has a a “neutral” rating on the stock. Societe Generale’s target price would suggest a potential upside of 7.14% from the stock’s previous close.

Other hedge funds have recently added to or reduced their stakes in the company. Perigon Wealth Management boosted its stake in General Electric Company by 11.3% in the third quarter. Perigon Wealth Management now owns 63,884 shares of the company’s stock valued at $1,615,000 after buying an additional 6,501 shares during the period. Union Bankshares raised its position in General Electric Company by 7.6% in the fourth quarter. Union Bankshares now owns 142,981 shares of the company’s stock worth $4,454,000 after buying an additional 10,139 shares in the last quarter. CT Financial Advisors raised its position in General Electric Company by 4.2% in the fourth quarter. CT Financial Advisors now owns 39,991 shares of the company’s stock worth $1,245,707 after buying an additional 1,615 shares in the last quarter. Gerstein Fisher raised its position in General Electric Company by 4.0% in the third quarter. Gerstein Fisher now owns 67,769 shares of the company’s stock worth $1,709,000 after buying an additional 2,581 shares in the last quarter. Finally, Mitchell Sinkler & Starr raised its position in General Electric Company by 5.0% in the fourth quarter. Mitchell Sinkler & Starr now owns 54,390 shares of the company’s stock worth $1,694,000 after buying an additional 2,595 shares in the last quarter.

In other news, SVP Alexander Dimitrief purchased 65,272 shares of General Electric Company stock in a transaction dated Monday, January 25th. The shares were bought at an average cost of $28.04 per share, for a total transaction of $1,830,226.88. Following the completion of the acquisition, the senior vice president now owns 17,896 shares in the company, valued at approximately $501,803.84. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of General Electric Company (NYSE:GE) traded down 1.10% during midday trading on Monday, reaching $28.00. 46,100,460 shares of the company’s stock were exchanged. The stock’s market cap is $272.86 billion. General Electric Company has a 12 month low of $19.37 and a 12 month high of $31.49. The company’s 50 day moving average is $29.78 and its 200-day moving average is $27.82.

General Electric Company (NYSE:GE) last announced its quarterly earnings results on Friday, January 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $33.80 billion for the quarter. General Electric Company’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the company earned $0.56 earnings per share. Equities analysts forecast that General Electric Company will post $1.50 EPS for the current fiscal year.

Several other equities research analysts also recently issued reports on GE. Vetr raised General Electric Company from a “hold” rating to a “buy” rating and set a $25.93 price target for the company in a report on Monday, September 28th. Zacks Investment Research downgraded General Electric Company from a “hold” rating to a “sell” rating in a report on Monday, September 28th. Barclays reaffirmed a “buy” rating and set a $30.00 price target on shares of General Electric Company in a report on Monday, October 5th. Deutsche Bank reaffirmed a “hold” rating and set a $28.00 price target on shares of General Electric Company in a report on Monday, October 5th. Finally, TheStreet raised General Electric Company from a “hold” rating to a “buy” rating in a report on Tuesday, October 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. General Electric Company presently has a consensus rating of “Buy” and a consensus price target of $32.05.

General Electric Company (NYSE:GE) is a diversified infrastructure and financial services company. The products and services of the Company range from aircraft engines, power generation, oil and gas production equipment, and household appliances to medical imaging, business and consumer financing and industrial products. The Company operates its segments through its eight businesses, -based on the markets they serve: Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Appliances, and Lighting and GE Capital. GE Capital operates the following businesses: Commercial Lending and Leasing, Consumer, Real Estate, Energy Financial Services and GE Capital Aviation Services. The Company operates in approximately 175 countries.

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