Royal Bank of Canada Raises GE Vernova (NYSE:GEV) Price Target to $285.00

GE Vernova (NYSE:GEV) had its price objective increased by Royal Bank of Canada from $262.00 to $285.00 in a research report report published on Thursday, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. BMO Capital Markets raised their target price on shares of GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Oppenheimer began coverage on shares of GE Vernova in a research note on Thursday, September 26th. They set a “market perform” rating on the stock. Redburn Atlantic began coverage on shares of GE Vernova in a research note on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 price target on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of GE Vernova in a research note on Monday, October 21st. They set a “buy” rating and a $354.00 price target on the stock. Finally, Evercore ISI lifted their price target on shares of GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $261.40.

GE Vernova Stock Down 1.2 %

Shares of GEV opened at $293.54 on Thursday. The firm’s 50 day simple moving average is $235.14 and its 200 day simple moving average is $190.64. GE Vernova has a 1-year low of $115.00 and a 1-year high of $298.81.

Institutional Trading of GE Vernova

Several large investors have recently added to or reduced their stakes in the stock. SteelPeak Wealth LLC boosted its holdings in GE Vernova by 2.5% in the third quarter. SteelPeak Wealth LLC now owns 1,569 shares of the company’s stock valued at $400,000 after acquiring an additional 38 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in GE Vernova by 0.9% in the third quarter. Global Retirement Partners LLC now owns 4,507 shares of the company’s stock valued at $1,149,000 after acquiring an additional 40 shares in the last quarter. Whittier Trust Co. boosted its holdings in GE Vernova by 1.9% in the third quarter. Whittier Trust Co. now owns 2,106 shares of the company’s stock valued at $537,000 after acquiring an additional 40 shares in the last quarter. First Bancorp Inc ME boosted its holdings in GE Vernova by 3.1% in the third quarter. First Bancorp Inc ME now owns 1,450 shares of the company’s stock valued at $370,000 after acquiring an additional 44 shares in the last quarter. Finally, Plimoth Trust Co. LLC boosted its holdings in shares of GE Vernova by 1.4% during the 3rd quarter. Plimoth Trust Co. LLC now owns 3,279 shares of the company’s stock valued at $836,000 after buying an additional 44 shares in the last quarter.

GE Vernova Company Profile

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.