SIG PLC Receives “Buy” Rating from Citigroup Inc. (SHI)
SIG PLC (LON:SHI)‘s stock had its “buy” rating restated by equities researchers at Citigroup Inc. in a research report issued on Tuesday, AnalystRatingsNetwork reports. They currently have a GBX 190 ($3.07) price objective on the stock. Citigroup Inc.’s target price would indicate a potential upside of 2.26% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of SIG PLC (LON:SHI) in a research note to investors on Monday, September 23rd. They now have a GBX 153 ($2.47) price target on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 178.35 ($2.88).
Shares of SIG PLC (LON:SHI) opened at 184.00 on Tuesday. SIG PLC has a one year low of GBX 98.286 and a one year high of GBX 194.90. The stock’s 50-day moving average is GBX 184.2 and its 200-day moving average is GBX 169.5. The company’s market cap is £1.087 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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