Market Overview

Deutsche Bank Reiterates Buy Rating, $25 PT on General Electric Company on Announced NBCU Sale

Share:
Related GE
Was The Baker Hughes/Halliburton Breakup A Win-Win?
GE Capital Announces Completion Of Asset Sale, Will Sell Its Lending And Leasing Portfolios In Australia, New Zealand
Market Trends Lower After Weak Economic Data (GuruFocus)

In a report published Wednesday, Deutsche Bank reiterated its Buy rating and $25.00 price target on General Electric Company (NYSE: GE).

Deutsche Bank noted, “After the market close last night, GE announced the sale of its remaining 49% interest in NBCU to Comcast in a transaction valued at $16.7bn excluding $1.4bn of proceeds from the sale of certain NBCU real estate. The sale price is consistent with our suggested valuation of ~$17bn discussed in our Oct/12 report ‘NBCU sale could occur near term'. The purchase price of $16.7bn represents a multiple of roughly 10x trailing EBITDA (modestly above peer multiples). As such, we view the sale price positively.”

General Electric Company closed on Tuesday at $22.58.

Latest Ratings for GE

DateFirmActionFromTo
Apr 2016BernsteinDowngradesOutperformMarket Perform
Jan 2016CitigroupInitiates Coverage onBuy
Jan 2016BarclaysMaintainsOverweight

View More Analyst Ratings for GE
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Reiteration Analyst Ratings

 

Related Articles (GE)

View Comments and Join the Discussion!