SIG plc (SHI) Earns “Buy” Rating from Peel Hunt
Several other brokerages have also weighed in on SHI. Deutsche Bank AG restated a hold rating on shares of SIG plc in a research report on Wednesday, July 19th. Numis Securities Ltd restated a hold rating and set a GBX 150 ($1.95) target price (up from GBX 96 ($1.25)) on shares of SIG plc in a research report on Thursday, July 6th. J P Morgan Chase & Co reiterated an underweight rating on shares of SIG plc in a research report on Thursday, July 6th. Liberum Capital reiterated a sell rating and issued a GBX 95 ($1.24) price target on shares of SIG plc in a research report on Thursday, May 25th. Finally, Jefferies Group LLC increased their price target on shares of SIG plc from GBX 110 ($1.43) to GBX 150 ($1.95) and gave the company a hold rating in a research report on Monday, June 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 132.70 ($1.73).
Shares of SIG plc (LON:SHI) traded up 8.04% on Tuesday, reaching GBX 178.80. 3,675,383 shares of the company were exchanged. The company’s market capitalization is GBX 1.06 billion. The stock has a 50 day moving average of GBX 154.82 and a 200-day moving average of GBX 129.53. SIG plc has a 52-week low of GBX 86.60 and a 52-week high of GBX 180.00.
WARNING: “SIG plc (SHI) Earns “Buy” Rating from Peel Hunt” was first posted by Daily Political and is owned by of Daily Political. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://www.dailypolitical.com/2017/08/09/sig-plc-shi-earns-buy-rating-from-peel-hunt.html.
In related news, insider Leslie Van de Walle sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of GBX 126 ($1.64), for a total transaction 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.
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.