Signify’s (LIGHT) Sell Rating Reaffirmed at JPMorgan Chase & Co.

Signify (AMS:LIGHT)‘s stock had its “sell” rating restated by equities researchers at JPMorgan Chase & Co. in a research note issued on Thursday.

Other analysts have also issued reports about the company. Kepler Capital Markets set a €24.00 ($27.91) price objective on Signify and gave the stock a “neutral” rating in a report on Monday, November 19th. Goldman Sachs Group set a €30.00 ($34.88) target price on shares of Signify and gave the stock a “buy” rating in a research report on Friday, October 26th. Citigroup set a €30.00 ($34.88) target price on shares of Signify and gave the stock a “buy” rating in a research report on Thursday, September 27th. UBS Group set a €25.00 ($29.07) target price on shares of Signify and gave the stock a “neutral” rating in a research report on Friday, October 26th. Finally, Bank of America set a €22.00 ($25.58) target price on shares of Signify and gave the stock a “neutral” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Signify currently has an average rating of “Hold” and an average target price of €23.67 ($27.52).

Signify has a 1-year low of €25.50 ($29.65) and a 1-year high of €36.06 ($41.93).

Signify Company Profile

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.

Further Reading: Reverse Stock Split

Analyst Recommendations for Signify (AMS:LIGHT)

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