business

GE Stock Price Is the Closest It's Been to Analyst Target in a Year

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Depending on your viewpoint, either the General Electric Co. rally is overdone or Wall Street hasn’t yet grasped its power.

The stock’s price potential -- the ratio of analysts’ average target to the current share value -- is at the lowest level in the past year, according to data compiled by Bloomberg. With a ratio approaching one-to-one, that suggests the shares have risen almost as much as analysts believe they can and may not have more room to run after a 18.6 percent gain over the past six weeks.

Then again, there’s another interpretation favored by GE bulls: Maybe analysts will start raising their targets soon.

— With assistance by Yu Lung Law, and Brandon Kochkodin

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