Signify (OTCMKTS:PHPPY) has received a consensus recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company.
PHPPY has been the subject of several analyst reports. Citigroup reissued a “neutral” rating on shares of Signify in a report on Monday, July 26th. Cheuvreux raised shares of Signify from a “hold” rating to a “buy” rating in a report on Monday. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Signify in a report on Friday, October 1st. Morgan Stanley reaffirmed an “underweight” rating on shares of Signify in a report on Monday, July 26th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Signify in a report on Thursday, July 15th.
OTCMKTS PHPPY remained flat at $$24.61 during trading hours on Friday. Signify has a 1 year low of $17.60 and a 1 year high of $35.70. The company has a 50 day moving average price of $27.07 and a 200-day moving average price of $28.69.
Signify NV engages in the provision, development, manufacture, and application of lighting products, systems, and services. It operates through the following segments: Lamps, LED (Light-Emitting Diode), Professional and Home. The company was founded by Gerard Leonard Philips and Anton Frederik Philips in 1891 and is headquartered in Eindhoven, Netherlands.
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