Signify (AMS:LIGHT) Given a €26.00 Price Target at Morgan Stanley
Morgan Stanley set a €26.00 ($30.23) price objective on Signify (AMS:LIGHT) in a report issued on Tuesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Several other analysts also recently commented on the company. JPMorgan Chase & Co. reissued a sell rating on shares of Signify in a research note on Friday, January 10th. UBS Group set a €24.75 ($28.78) price objective on Signify and gave the stock a neutral rating in a research note on Friday, October 25th. Goldman Sachs Group set a €29.00 ($33.72) price objective on Signify and gave the stock a buy rating in a research note on Wednesday, October 9th. Finally, Berenberg Bank set a €33.00 ($38.37) price objective on Signify and gave the stock a buy rating in a research note on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of €26.61 ($30.94).
Signify has a fifty-two week low of €25.50 ($29.65) and a fifty-two 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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