Goldman Sachs Group Reiterates “€28.00” Price Target for Signify (AMS:LIGHT)

Goldman Sachs Group set a €28.00 ($32.56) target price on Signify (AMS:LIGHT) in a research note issued to investors on Friday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

Several other equities analysts also recently weighed in on the company. Jefferies Financial Group set a €24.00 ($27.91) target price on Signify and gave the stock a neutral rating in a research report on Monday, July 1st. UBS Group set a €22.50 ($26.16) target price on Signify and gave the stock a neutral rating in a research report on Friday, April 26th. Societe Generale set a €25.50 ($29.65) target price on Signify and gave the stock a neutral rating in a research report on Friday, June 28th. Finally, JPMorgan Chase & Co. set a €22.00 ($25.58) target price on Signify and gave the stock a sell rating in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Signify has a consensus rating of Hold and a consensus price target of €24.20 ($28.14).

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.

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Analyst Recommendations for Signify (AMS:LIGHT)

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