Deutsche Bank AG Reiterates “Hold” Rating for SIG plc (SHI)
SIG plc (LON:SHI)‘s stock had its “hold” rating restated by equities research analysts at Deutsche Bank AG in a research report issued to clients and investors on Thursday. They currently have a GBX 116 ($1.44) price objective on the stock. Deutsche Bank AG’s price objective would suggest a potential upside of 3.23% from the company’s current price.
A number of other brokerages have also recently issued reports on SHI. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 120 ($1.49) target price on shares of SIG plc in a research report on Wednesday, August 10th. Liberum Capital restated a “hold” rating and set a GBX 110 ($1.36) target price on shares of SIG plc in a research report on Tuesday, October 11th. Canaccord Genuity restated a “buy” rating and set a GBX 130 ($1.61) target price on shares of SIG plc in a research report on Friday, September 30th. Goodbody restated a “hold” rating on shares of SIG plc in a research report on Tuesday, August 9th. Finally, Panmure Gordon restated a “buy” rating and set a GBX 165 ($2.04) target price on shares of SIG plc in a research report on Tuesday, August 9th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 139.58 ($1.73).
SIG plc (LON:SHI) opened at 114.16 on Thursday. The company’s 50 day moving average is GBX 120.05 and its 200-day moving average is GBX 122.85. SIG plc has a 52-week low of GBX 98.30 and a 52-week high of GBX 178.90. The stock’s market cap is GBX 675.09 million.
The firm also recently disclosed a dividend, which will be paid on Friday, November 4th. Shareholders of record on Thursday, October 6th will be paid a dividend of GBX 1.83 ($0.02) per share. The ex-dividend date is Thursday, October 6th. This represents a yield of 1.82%.
About SIG plc
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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