Royal Bank of Canada reissued their outperform rating on shares of GE Vernova (NYSE:GEV - Free Report) in a research note published on Friday morning, Benzinga reports. Royal Bank of Canada currently has a $160.00 price target on the stock.
Separately, JPMorgan Chase & Co. raised GE Vernova from a neutral rating to an overweight rating and set a $141.00 price objective for the company in a report on Monday.
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GE Vernova Price Performance
Shares of NYSE GEV traded down $2.57 during midday trading on Friday, reaching $134.00. 3,737,253 shares of the company traded hands, compared to its average volume of 9,038,949. GE Vernova has a 12 month low of $115.00 and a 12 month high of $152.48.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in GE Vernova stock. Anderson Hoagland & Co. purchased a new stake in GE Vernova (NYSE:GEV - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,428 shares of the company's stock, valued at approximately $1,720,000.
About GE Vernova
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GE Vernova is an energy company which includes Power, Wind and Electrification segments and is supported by its accelerator businesses of Advanced Research, Consulting Services and Financial Services. GE Vernova is headquartered in Cambridge, Massachusetts.
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