SIG Now Covered by Analysts at Topeka Capital Markets (SIG)
Equities researchers at Topeka Capital Markets initiated coverage on shares of SIG (LON:SIG) in a research report issued on Thursday, Stock Ratings Network.com reports. The firm set a “buy” rating and a GBX 83 ($1.34) price target on the stock. Topeka Capital Markets’ price objective suggests a potential downside of 98.13% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Brean Capital initiated coverage on shares of SIG (LON:SIG) in a research note to investors on Monday. They set a “buy” rating on the stock. Separately, analysts at Nomura initiated coverage on shares of SIG (LON:SIG) in a research note to investors on Monday, September 9th. They set a “buy” rating and a GBX 80 ($1.29) price target on the stock. Finally, analysts at BNP Paribas raised their price target on shares of SIG (LON:SIG) from GBX 5,300 ($85.51) to GBX 5,500 ($88.74) in a research note to investors on Tuesday, September 3rd. They now have an “outperform” rating on the stock. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 1,512.81 ($24.41).
SIG (LON:SIG) traded up 0.02% on Thursday, hitting GBX 4435.00. 14,611 shares of the company’s stock traded hands. SIG has a 52 week low of GBX 2959.1521 and a 52 week high of GBX 4985.00. The stock’s 50-day moving average is GBX 4544.14 and its 200-day moving average is GBX 4463.18. The company’s market cap is £3.571 billion.
Signet Jewelers Limited (LON:SIG) is a specialty retail jeweler by sales in the United States and United Kingdom, and also has stores in the Republic of Ireland and Channel Islands.
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