On 4/29/24, Koninklijke Philips NV (NYSE: PHG) stock enjoyed a major increase of 26.8%, closing at $26.71. Moreover, exceptionally high trading volume at 1101% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 33.7% during the last week.
Current PriceTarget Research Rating
PHG’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Koninklijke Philips has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Koninklijke Philips has a neutral Appreciation Score of 46 and a neutral Power Rating of 43, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment