Signify (OTCMKTS:SFFYF) rose 1.9% during trading on Tuesday . The stock traded as high as $48.74 and last traded at $48.74. Approximately 990 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 1,568 shares. The stock had previously closed at $47.85.
SFFYF has been the subject of several recent analyst reports. 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 report on Thursday, August 26th. Citigroup cut Signify from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 6th. Finally, cut Signify from a “buy” rating to a “hold” rating and set a $58.00 price target on the stock. in a research note on Tuesday, July 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $54.00.
The business has a 50 day moving average of $53.83 and a two-hundred day moving average of $56.78.
Signify NV engages in the provision, development, manufacture, and application of lighting products, systems, and services. It operates through the following segments: Lamps, LED (Light-Emitting Diode), Professional and Home. The company was founded by Gerard Leonard Philips and Anton Frederik Philips in 1891 and is headquartered in Eindhoven, Netherlands.
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