SIG PLC Receives “Hold” Rating from Deutsche Bank (SHI)
SIG PLC (LON:SHI)‘s stock had its “hold” rating reiterated by research analysts at Deutsche Bank in a report released on Monday, American Banking and Market News reports. They currently have a GBX 153 ($2.45) price objective on the stock. Deutsche Bank’s price target would suggest a potential downside of 18.14% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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 ($3.12) to GBX 228 ($3.65) 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 ($2.79) price target on the stock.
One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. SIG PLC has a consensus rating of “Hold” and an average price target of GBX 178.35 ($2.86).
SIG PLC (LON:SHI) traded down 1.48% on Monday, hitting GBX 186.90. 770,633 shares of the company’s stock traded hands. SIG PLC has a 52-week low of GBX 98.05 and a 52-week high of GBX 194.90. The stock has a 50-day moving average of GBX 184.2 and a 200-day moving average of GBX 169.5. The company’s market cap is £1.104 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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