Telsey Advisory Group Lowers Signet Jewelers Price Target to $77.00 (SIG)
Stock analysts at Telsey Advisory Group cut their price objective on shares of Signet Jewelers (NYSE:SIG) from $79.00 to $77.00 in a report issued on Thursday, American Banking News reports. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s target price indicates a potential downside of 3.35% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at CL King downgraded shares of Signet Jewelers from a “strong-buy” rating to a “neutral” rating in a research note to investors on Thursday. Analysts at Citigroup Inc. reiterated a “positive” rating on shares of Signet Jewelers in a research note to investors on Wednesday, November 27th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $100.57.
Signet Jewelers (NYSE:SIG) traded down 7.38% on Thursday, hitting $73.79. The stock had a trading volume of 2,841,550 shares. Signet Jewelers has a 1-year low of $58.44 and a 1-year high of $80.18. The stock has a 50-day moving average of $77.10 and a 200-day moving average of $73.24. The company has a market cap of $5.919 billion and a price-to-earnings ratio of 17.66.
Signet Jewelers (NYSE:SIG) last announced its earnings results on Tuesday, November 26th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. The company had revenue of $771.40 million for the quarter, compared to the consensus estimate of $770.59 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts expect that Signet Jewelers will post $4.75 EPS for the current fiscal year.
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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