Signet Jewelers Receives Buy Rating from Nomura (SIG)
Signet Jewelers (NYSE:SIG)‘s stock had its “buy” rating restated by equities researchers at Nomura in a research report issued on Wednesday, Stock Ratings News reports. They currently have a $80.00 price target on the stock. Nomura’s target price would indicate a potential upside of 12.79% from the stock’s previous close.
Signet Jewelers (NYSE:SIG) opened at 70.93 on Wednesday. Signet Jewelers has a one year low of $48.17 and a one year high of $76.15. The stock’s 50-day moving average is $70.02 and its 200-day moving average is $69.52. The company has a market cap of $5.712 billion and a price-to-earnings ratio of 15.67.
Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.83 by $0.01. The company had revenue of $880.20 million for the quarter, compared to the consensus estimate of $909.90 million. During the same quarter in the prior year, the company posted $0.85 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, November 26th. Stockholders of record on Friday, November 1st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Wednesday, October 30th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating in a research note to investors on Monday. They now have a $85.00 price target on the stock, up previously from $73.00. Separately, analysts at Topeka Capital Markets initiated coverage on shares of Signet Jewelers in a research note to investors on Tuesday, October 1st. They set a “buy” rating and a $83.00 price target on the stock. Finally, analysts at Brean Capital initiated coverage on shares of Signet Jewelers in a research note to investors on Friday, September 27th. They set a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $95.49.
Signet Jewelers Limited (NYSE: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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