Liberum Capital Reaffirms “Sell” Rating for SIG plc (SHI)
Several other research analysts have also recently issued reports on SHI. Numis Securities Ltd reaffirmed a hold rating and set a GBX 150 ($1.99) price objective on shares of SIG plc in a research report on Wednesday, August 9th. Shore Capital reaffirmed a buy rating on shares of SIG plc in a research report on Tuesday, August 8th. Peel Hunt reaffirmed a buy rating and set a GBX 175 ($2.32) price objective on shares of SIG plc in a research report on Wednesday, July 5th. Jefferies Group LLC upped their price objective on SIG plc from GBX 110 ($1.46) to GBX 150 ($1.99) and gave the stock a hold rating in a research report on Monday, June 26th. Finally, Deutsche Bank AG reaffirmed a hold rating and set a GBX 155 ($2.06) price objective on shares of SIG plc in a research report on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. SIG plc presently has an average rating of Hold and an average target price of GBX 138.90 ($1.84).
Shares of SIG plc (SHI) opened at 176.50 on Monday. The firm’s market cap is GBX 1.04 billion. The firm has a 50-day moving average price of GBX 176.84 and a 200 day moving average price of GBX 149.29. SIG plc has a one year low of GBX 86.60 and a one year high of GBX 184.90.
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The business also recently disclosed a dividend, which will be paid on Friday, November 3rd. Shareholders of record on Thursday, October 5th will be paid a dividend of GBX 1.25 ($0.02) per share. This represents a yield of 0.7%. The ex-dividend date is Thursday, October 5th.
In other SIG plc news, insider Richard Monro sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of GBX 176 ($2.33), for a total transaction of £17,600 ($23,345.27). Over the last ninety days, insiders have acquired 266 shares of company stock valued at $44,876.
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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