SIG PLC Rating Reiterated by Deutsche Bank (SHI)
SIG PLC (LON:SHI)‘s stock had its “hold” rating restated by stock analysts at Deutsche Bank in a report issued on Monday, AnalystRatingsNetwork reports. They currently have a GBX 153 ($2.44) price target on the stock. Deutsche Bank’s price target would suggest a potential downside of 18.09% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of SIG PLC in a research note to investors on Tuesday, October 1st. They now have a GBX 190 ($3.03) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of SIG PLC in a research note to investors on Tuesday, September 3rd. Finally, analysts at Panmure Gordon raised their price target on shares of SIG PLC from GBX 195 ($3.11) to GBX 228 ($3.64) in a research note to investors on Tuesday, August 27th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. SIG PLC presently has an average rating of “Hold” and a consensus target price of GBX 178.35 ($2.85).
SIG PLC (LON:SHI) traded up 1.80% during mid-day trading on Monday, hitting GBX 186.80. 523,597 shares of the company’s stock traded hands. SIG PLC has a 52 week low of GBX 101.00 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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