GE Aerospace (NYSE:GE – Get Free Report)’s stock price was up 2.6% on Friday following a dividend announcement from the company. The stock traded as high as $256.82 and last traded at $257.57 ...

GE, which is now GE Aerospace, hit a record closing high of $287.15 on Aug. 28, 2000, according to Dow Jones Market Data. The record intraday high is $289.54, also hit on Aug. 28, 2000.

Sheila Kahyaoglu, an analyst from Jefferies, maintained a “Buy” rating on GE Aerospace (NYSE:GE)’s stock, and the associated price target remained same at $240.00.

GEV Stock Trading at a Premium In terms of valuation, GEV’s forward 12-month price-to-earnings (P/E) is 47.13X, a premium to its peer group’s average of 15.92X.

GE Vernova (GEV) shares climbed as Bank of America raised the price target on the maker of generators, citing an expected increase in U.S. power demand.

More recently, GE Vernova’s Wind segment signed an agreement this month to provide Forestalia with eight of its 6.1 MW-158m workhorse wind turbines to power a 49-MW wind project in Aragón, Spain.