SIG plc (SHI) Receives “Buy” Rating from Canaccord Genuity
Several other brokerages have also recently commented on SHI. JPMorgan Chase & Co. reissued a neutral rating and issued a GBX 120 ($1.57) price target on shares of SIG plc in a research report on Wednesday, August 10th. Liberum Capital reduced their price objective on shares of SIG plc from GBX 135 ($1.76) to GBX 110 ($1.44) and set a hold rating on the stock in a report on Thursday, July 14th. Goodbody restated a hold rating on shares of SIG plc in a report on Tuesday, August 9th. Panmure Gordon restated a buy rating and issued a GBX 165 ($2.15) price objective on shares of SIG plc in a report on Tuesday, August 9th. Finally, Jefferies Group reduced their price objective on shares of SIG plc from GBX 180 ($2.35) to GBX 140 ($1.83) and set a buy rating on the stock in a report on Wednesday, June 29th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of GBX 139.58 ($1.82).
Shares of SIG plc (LON:SHI) opened at 118.00 on Friday. The firm has a 50-day moving average of GBX 120.11 and a 200 day moving average of GBX 124.04. SIG plc has a 12-month low of GBX 98.30 and a 12-month high of GBX 179.50. The stock’s market capitalization is GBX 697.80 million.
The business also recently declared a dividend, which will be paid on Friday, November 4th. Investors of record on Thursday, October 6th will be paid a dividend of GBX 1.83 ($0.02) per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 1.82%.
SIG plc Company Profile
SIG plc is a United Kingdom-based distributor of building products in Europe. The Company is engaged in the supply of specialist products to construction and related markets. It operates in two segments: UK & Ireland and Mainland Europe. It focuses its activities into approximately three product sectors: Insulation and Energy Management; Exteriors, and Interiors.
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