Goldman Sachs Group Inc. Upgrades SIG to “Buy” (SIG)
SIG (LON:SIG) was upgraded by investment analysts at Goldman Sachs Group Inc. to a “buy” rating in a note issued to investors on Tuesday, Analyst Ratings Net reports. The firm currently has a GBX 5,300 ($85.03) target price on the stock, up from their previous target price of GBX 4,700 ($75.41). Goldman Sachs Group Inc.’s price target indicates a potential upside of 17.02% from the company’s current price.
SIG has been the subject of a number of other recent research reports. Analysts at Deutsche Bank upgraded shares of SIG from a “hold” rating to a “buy” rating in a research note to investors on Monday. They now have a GBX 85 ($1.36) price target on the stock, up previously from GBX 73 ($1.17). Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of SIG in a research note to investors on Friday. They now have a GBX 180 ($2.89) price target on the stock. Finally, analysts at Topeka Capital Markets initiated coverage on shares of SIG in a research note to investors on Thursday, October 3rd. They set a “buy” rating and a GBX 83 ($1.33) price target on the stock. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of GBX 1,158.47 ($18.59).
Shares of SIG (LON:SIG) opened at 4509.00 on Tuesday. SIG has a 52-week low of GBX 2959.1521 and a 52-week high of GBX 4985.00. The stock has a 50-day moving average of GBX 4544.14 and a 200-day moving average of GBX 4463.18. The company’s market cap is £3.631 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.