SIG plc (LON:SHI) Rating Reiterated by Liberum Capital
SIG plc (LON:SHI)‘s stock had its “sell” rating reiterated by Liberum Capital in a research note issued on Tuesday. They presently have a GBX 95 ($1.24) target price on the stock. Liberum Capital’s price objective would indicate a potential downside of 44.28% from the stock’s previous close.
Other equities analysts have also issued reports about the company. Peel Hunt raised SIG plc to a “buy” rating and increased their price objective for the stock from GBX 103 ($1.34) to GBX 175 ($2.28) in a report on Friday, May 19th. Shore Capital started coverage on SIG plc in a report on Tuesday, May 16th. They issued a “buy” rating for the company. Deutsche Bank AG reissued a “hold” rating on shares of SIG plc in a report on Wednesday, July 19th. Numis Securities Ltd reissued a “hold” rating and issued a GBX 150 ($1.95) price objective (up from GBX 96 ($1.25)) on shares of SIG plc in a report on Thursday, July 6th. Finally, Jefferies Group LLC increased their price objective on SIG plc from GBX 110 ($1.43) to GBX 150 ($1.95) and gave the stock a “hold” rating in a report on Monday, June 26th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 132.70 ($1.73).
Shares of SIG plc (SHI) opened at 162.20 on Tuesday. The stock has a 50 day moving average price of GBX 154.52 and a 200 day moving average price of GBX 129.10. SIG plc has a 12-month low of GBX 86.60 and a 12-month high of GBX 171.00. The firm’s market capitalization is GBX 959.35 million.
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In other news, insider Leslie Van de Walle sold 50,000 shares of the stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of GBX 126 ($1.64), for a total value of £63,000 ($82,041.93).
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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