The company's fundamentals are relatively very healthy. Its valuation is considered undervalued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Buy. Despite an average stock market performance, the company shows strong fundamentals and technicals. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
The General Electric Company was a prominent British industrial conglomerate engaged in consumer and defense electronics, communications, and engineering.
Originally founded in 1886 as G. Binswanger and Company, the firm began as an electrical goods wholesaler based in London. It swiftly adopted a then-innovative business model that involved supplying electrical components directly over the counter. In 1889, the company was incorporated as the General Electric Company Ltd, and it became a public limited company eleven years later. Throughout the 1890s and early 1900s, General Electric heavily invested in electric lighting, a sector that yielded substantial long-term profits. The company experienced significant changes due to the outbreak of the First World War, taking on military contracts and thereby establishing itself as a key player in the electrical industry. A new purpose-built headquarters was inaugurated in Kingsway, London, in 1921, and two years later, GEC's industrial research laboratories were opened in Wembley. During the 1920s, the company was instrumental in the development and implementation of Britain's National Grid.
In the Second World War, GEC made notable contributions to the Allied war effort, including the development of the cavity magnetron for radar, advancements in communications technology, and the mass production of valves, lamps, and lighting equipment. In 1961, GEC merged with Radio & Allied Industries. Throughout the mid-to-late 1960s, the newly appointed managing director, Arnold Weinstock, aimed to streamline the British electrical industry and enhance efficiency. This was accomplished through a series of cutbacks and mergers that restored profitability to the company. In 1967, GEC acquired Associated Electrical Industries and merged with English Electric the following year. The company continued its expansion through acquisitions, obtaining W & T Avery, Cincinnati Electronics, and Picker Corporation between 1979 and 1981.
By the 1980s, GEC emerged as Britain's largest private employer, boasting over 250,000 employees, and it was among the first companies included in the newly established FTSE 100 Index in 1984. At its zenith in the 1990s, the company achieved profits exceeding £1 billion annually. In June 1998, GEC divested its stake in the joint venture GEC-Alsthom on the Paris stock exchange. By December 1999, GEC's defense division, Marconi Electronic Systems, was sold to British Aerospace, leading to the formation of BAE Systems. The remaining sectors of GEC, primarily focused on telecommunications equipment manufacturing, continued under the name Marconi Communications. Following the acquisition of several U.S. telecom manufacturers at market highs, losses incurred after the dot-com bubble burst in 2001 prompted a restructuring of Marconi plc into Marconi Corporation plc in 2003. In 2005, the company was unable to secure any portion of BT's 21st Century Network program; subsequently, Ericsson acquired the majority of the firm, and the remnants were rebranded as Telent.
The company's current financial score is 7.68, which is higher than the Aerospace & Defense industry's average of 7.07. Its financial status is robust, and its operating efficiency is average. Its latest quarterly revenue reached 9.94B, representing a year-over-year decrease of 38.11%, while its net profit experienced a year-over-year decrease of 28.69%.
The company’s current valuation score is 1.80, which is lower than the Aerospace & Defense industry's average of 2.75. Its current P/E ratio is 37.85, which is -1.39% below the recent high of 37.33 and 10.07% above the recent low of 34.04.
The company’s current earnings forecast score is 8.20, which is higher than the Aerospace & Defense industry's average of 7.61. The average price target for General Electric Co is 300.00, with a high of 343.00 and a low of 196.11.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The company’s current price momentum score is 8.99, which is higher than the Aerospace & Defense industry's average of 7.98. Sideways: Currently, the stock price is trading between the resistance level at 282.66 and the support level at 262.87, making it suitable for range-bound swing trading.
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The company’s current institutional recognition score is 7.00, which is lower than the Aerospace & Defense industry's average of 7.63. The latest institutional shareholding proportion is 80.84%, representing a quarter-over-quarter increase of 0.58%. The largest institutional shareholder is The Vanguard, holding a total of 91.55M shares, representing 8.63% of shares outstanding, with 3.71% increase in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Aerospace & Defense export-driven industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The company’s current risk assessment score is 5.94, which is higher than the Aerospace & Defense industry's average of 4.39. The company's beta value is 1.49. This indicates that the stock tends to outperform the index during upward trending markets but experiences larger declines during downward trending markets.
The Stock Score data is powered by TradingKey and updated daily. Rating data is sourced from LESG. Please use the data with caution for reference purposes only.