Brokerages Set Signify (OTCMKTS:SFFYF) Target Price at $54.00

Shares of Signify (OTCMKTS:SFFYF) have been assigned a consensus rating of “Hold” from the seven brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $54.00.

Several research analysts recently commented on the company. downgraded Signify from a “buy” rating to a “hold” rating and set a $58.00 price objective for the company. in a research note on Tuesday, July 6th. Citigroup downgraded Signify from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 6th. Finally, Credit Suisse Group raised Signify from an “underperform” rating to a “neutral” rating and set a $50.00 price objective for the company in a research note on Thursday, August 26th.

OTCMKTS SFFYF remained flat at $$51.90 during mid-day trading on Friday. The stock has a 50 day simple moving average of $55.56 and a 200-day simple moving average of $56.53. Signify has a fifty-two week low of $34.80 and a fifty-two week high of $64.52.

Signify Company Profile

Signify N.V., together with its subsidiaries, develops, manufactures, and sells lighting products in Europe, the Americas, and internationally. It operates through Digital Solutions, Digital Products, and Conventional Products segments. The company offers light-emitting diode (LED) and conventional luminaires, systems, and services for various market segments comprising offices, commercial buildings, shops, hospitality, industry, and outdoor environments that include smart cities.

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Analyst Recommendations for Signify (OTCMKTS:SFFYF)

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