SIG PLC Stock Rating Reaffirmed by Deutsche Bank (SHI)
SIG PLC (LON:SHI)‘s stock had its “hold” rating reiterated by equities research analysts at Deutsche Bank in a research note issued to investors on Friday, AnalystRatingsNetwork.com reports. They currently have a GBX 153 ($2.39) price objective on the stock. Deutsche Bank’s price objective would indicate a potential downside of 20.35% from the company’s current price.
SHI has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of SIG PLC (LON:SHI) in a research note to investors on Tuesday, September 3rd. Separately, analysts at Panmure Gordon raised their price target on shares of SIG PLC (LON:SHI) from GBX 195 ($3.05) to GBX 228 ($3.56) in a research note to investors on Tuesday, August 27th. They now have a “buy” rating on the stock. Finally, analysts at Numis Securities Ltd downgraded shares of SIG PLC (LON:SHI) from an “add” rating to a “hold” rating in a research note to investors on Friday, August 16th. They now have a GBX 174 ($2.72) price target on the stock.
One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of GBX 178.35 ($2.79).
Shares of SIG PLC (LON:SHI) traded down 0.16% during mid-day trading on Friday, hitting GBX 191.80. The stock had a trading volume of 838,974 shares. The stock has a 50-day moving average of GBX 182.5 and a 200-day moving average of GBX 167.6. The company’s market cap is £1.133 billion.
SIG plc is engaged in the supply of specialist products to construction and related markets in the United Kingdom, Ireland and Mainland Europe.
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