SIG plc (SHI) PT Lowered to GBX 96
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).
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.
TRADEMARK VIOLATION WARNING: This piece was first published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another website, it was copied illegally and republished in violation of United States and international copyright and trademark law. The correct version of this piece can be accessed at http://www.dailypolitical.com/2016/11/30/sig-plc-shi-pt-lowered-to-gbx-96.html.
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.
Receive News & Ratings for SIG plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SIG plc and related companies with MarketBeat.com's FREE daily email newsletter.