Signify (AMS:LIGHT) has been assigned a €23.00 ($26.74) price objective by investment analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Monday, Borsen Zeitung reports. The brokerage currently has a “sell” rating on the stock.
LIGHT has been the topic of several other research reports. Berenberg Bank set a €33.00 ($38.37) price objective on Signify and gave the company a “buy” rating in a research report on Tuesday, October 1st. UBS Group set a €24.75 ($28.78) target price on Signify and gave the stock a “neutral” rating in a report on Friday, October 25th. Morgan Stanley set a €27.00 ($31.40) target price on Signify and gave the stock a “neutral” rating in a report on Thursday, December 5th. Finally, Goldman Sachs Group set a €29.00 ($33.72) target price on Signify and gave the stock a “buy” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of €26.03 ($30.27).
Signify has a 12-month low of €25.50 ($29.65) and a 12-month high of €36.06 ($41.93).
Philips Lighting NV is a company based in the Netherlands that provides lamps and lighting solutions. Its product portfolio includes, among others, incandescent lamps, halogen lamps, fluorescent lamps, linear fluorescent lamps (LFL), compact fluorescent lamps (CFL), high-intensity discharge lamps (HID) and light-emitting diodes (LED), as well as electronic components, such as electronic ballasts and drivers.
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