Goldman Sachs Group assumed coverage on shares of Signify (OTCMKTS:SFFYF) in a research report released on Monday morning, The Fly reports. The brokerage issued a buy rating on the stock.
Several other equities analysts have also issued reports on the stock. UBS Group reiterated a neutral rating on shares of Signify in a report on Monday, July 27th. Societe Generale raised shares of Signify from a hold rating to a buy rating in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. restated a neutral rating on shares of Signify in a research note on Monday, July 27th. Finally, Morgan Stanley reiterated an equal weight rating on shares of Signify in a report on Monday, July 27th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of Hold.
SFFYF stock opened at $34.45 on Monday. The firm’s 50 day simple moving average is $32.59. Signify has a 52-week low of $16.30 and a 52-week high of $35.58.
Signify N.V., together with its subsidiaries, develops, manufactures, and sells lighting products worldwide. It operates through four segments: Lamps, LED, Professional, and Home. The company offers various light-emitting diode (LED) lamps, including spots, bulbs, and tubes for the professional and consumer channels, and original equipment manufacturers (OEMs); and LED electronic components, such as LED drivers and LED modules for luminaire OEMs, as well as for professional luminaire applications in the retail, office, and outdoor segments.
See Also: The limitations of an equal weight rating
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