Today Wall Street Journal is reporting: "GE HealthCare shares start trading this week, but investors are cautious about prospects for the spinoff of the power business." For full coverage click here. Shares of the large-cap Industrials company have not moved much on the news as of the afternoon trading session, and are currently trading at $83.79.
General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. The company belongs to the Industrials sector, which has an average price to earnings (P/E) ratio of 21.46 and an average price to book (P/B) ratio of 3.7. In contrast, General Electric Company has a trailing 12 month P/E ratio of -18.5 and a P/B ratio of 2.9.
General Electric Company has moved -12.9% over the last year compared to -20.0% for the S&P 500 -- a difference of 7.0%. General Electric Company has a 52 week high of $103.73 and a 52 week low of $59.93. At today's price of $83.79 per share, General Electric Company is -7.01% away from its target price of $90.11, and on average, analysts give the stock a rating of buy. 1.4% of the company's shares are linked to short positions, and 71.8% of the shares are owned by institutional investors.