Signify (LIGHT) Receives “Sell” Rating from JPMorgan Chase & Co.
JPMorgan Chase & Co. reissued their sell rating on shares of Signify (AMS:LIGHT) in a report published on Thursday morning.
A number of other research analysts have also recently commented on the company. Kepler Capital Markets set a €24.00 ($27.91) price objective on Signify and gave the company a neutral rating in a report on Monday, November 19th. Credit Suisse Group set a €19.00 ($22.09) target price on shares of Signify and gave the stock a sell rating in a research report on Friday, November 9th. Jefferies Financial Group set a €21.00 ($24.42) target price on shares of Signify and gave the stock a neutral rating in a research report on Tuesday, November 6th. 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 Thursday, November 1st. Finally, 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. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Signify has a consensus rating of Hold and an average target price of €23.67 ($27.52).
Signify has a 52-week low of €25.50 ($29.65) and a 52-week 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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