Deutsche Bank Reiterates Hold Rating for SIG PLC (SHI)
SIG PLC (LON:SHI)‘s stock had its “hold” rating reiterated by research analysts at Deutsche Bank in a report released on Tuesday, American Banking and Market News reports. They currently have a GBX 153 ($2.51) price target on the stock. Deutsche Bank’s price objective points to a potential downside of 28.07% from the stock’s previous close.
SIG PLC (LON:SHI) opened at 212.70 on Tuesday. SIG PLC has a 1-year low of GBX 130.30 and a 1-year high of GBX 219.10. The stock has a 50-day moving average of GBX 210. and a 200-day moving average of GBX 192.8. The company’s market cap is £1.257 billion.
A number of other firms have also recently commented on SHI. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of SIG PLC in a research note to investors on Tuesday. They now have a GBX 245 ($4.02) price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of SIG PLC in a research note to investors on Monday, December 9th. They now have a GBX 180 ($2.95) price target on the stock. Finally, analysts at UBS AG reiterated a “buy” rating on shares of SIG PLC in a research note to investors on Wednesday, December 4th. They now have a GBX 225 ($3.69) price target on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 211.44 ($3.47).
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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