Signet Jewelers Ltd. Reaches New 12-Month High at $77.00 (SIG)
Signet Jewelers (NYSE:SIG)’s share price reached a new 52-week high during trading hours on Monday, Analyst Ratings Net reports. The company traded as high as $77.00 and last traded at $76.64, with a volume of 747,264 shares traded. The stock had previously closed at $76.06.
Several analysts have recently commented on the stock. Analysts at Nomura reiterated a “buy” rating on shares of Signet Jewelers in a research note to investors on Wednesday, October 9th. They now have a $80.00 price target on the stock. Separately, 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, October 7th. They now have a $85.00 price target on the stock, up previously from $73.00. Finally, 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. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $95.49.
Signet Jewelers has a 1-year low of $48.38 and a 1-year high of $76.15. The stock’s 50-day moving average is $70.63 and its 200-day moving average is $69.89. The company has a market cap of $6.165 billion and a P/E ratio of 16.80.
Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data 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 previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis.
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.
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.