SIG plc (LON:SHI) had its price target dropped by stock analysts at JPMorgan Chase & Co. from GBX 120 ($1.49) to GBX 96 ($1.19) in a report released on Wednesday. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 5.21% from the stock’s previous close.

SHI has been the subject of several other research reports. Numis Securities Ltd restated a “hold” rating and set a GBX 96 ($1.19) price target (down previously from GBX 117 ($1.45)) on shares of SIG plc in a research report on Monday, November 14th. Deutsche Bank AG reiterated a “hold” rating on shares of SIG plc in a research report on Wednesday, September 7th. Jefferies Group reiterated a “buy” rating and set a GBX 140 ($1.74) target price on shares of SIG plc in a research report on Friday, August 5th. Canaccord Genuity lowered shares of SIG plc to a “hold” rating and cut their target price for the stock from GBX 130 ($1.61) to GBX 99 ($1.23) in a research report on Monday, November 14th. Finally, Peel Hunt reiterated a “hold” rating and set a GBX 130 ($1.61) target price on shares of SIG plc in a research report on Tuesday, August 9th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. SIG plc presently has a consensus rating of “Hold” and a consensus target price of GBX 123.09 ($1.53).

Analyst Recommendations for SIG plc (LON:SHI)

Shares of SIG plc (LON:SHI) opened at 90.90 on Wednesday. The firm’s market capitalization is GBX 537.54 million. The firm has a 50-day moving average of GBX 105.12 and a 200 day moving average of GBX 115.31. SIG plc has a 52 week low of GBX 86.60 and a 52 week high of GBX 149.80.

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In related news, insider Janet E. Ashdown bought 11,000 shares of the stock in a transaction that occurred on Monday, November 14th. The shares were acquired at an average cost of GBX 91 ($1.13) per share, with a total value of £10,010 ($12,417.81).

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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