Morgan Stanley set a €27.00 ($31.40) price target on Signify (AMS:LIGHT) in a research note issued to investors on Thursday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Other research analysts have also recently issued research reports about the stock. Goldman Sachs Group set a €29.00 ($33.72) price target on shares of Signify and gave the stock a buy rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. set a €23.50 ($27.33) price objective on shares of Signify and gave the company a sell rating in a report on Friday, October 25th. UBS Group set a €24.75 ($28.78) price objective on shares of Signify and gave the company a neutral rating in a report on Friday, October 25th. Finally, Berenberg Bank set a €33.00 ($38.37) target price on Signify and gave the company a buy rating in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of €26.09 ($30.34).
Signify has a 12-month low of €25.50 ($29.65) and a 12-month 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.
Recommended Story: How is a price target determined?
Receive News & Ratings for Signify Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Signify and related companies with MarketBeat.com's FREE daily email newsletter.