Koninklijke Philips NV (NYSE: PHG) stock enjoyed a major increase of 13.2% on 7/29/24. The shares closed at $29.15. Moreover, this advance was accompanied by exceptionally high trading volume at 468% of normal. The stock has risen 12.7% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PHG is expected to continue to be an important Value Builder.
Koninklijke Philips has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Koninklijke Philips has a neutral Appreciation Score of 45 but a good Power Rating of 76, with the High Neutral Value Trend Rating the result.
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.
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