SIG PLC Receives “Buy” Rating from Citigroup Inc. (SHI)
SIG PLC (LON:SHI)‘s stock had its “buy” rating restated by stock analysts at Citigroup Inc. in a report issued on Tuesday, ARN reports. They currently have a GBX 245 ($4.02) price objective on the stock. Citigroup Inc.’s price objective would indicate a potential upside of 15.19% from the company’s current price.
A number of other analysts have also recently weighed in on SHI. Analysts at Deutsche Bank reiterated a “hold” rating on shares of SIG PLC in a research note to investors on Monday, December 16th. They now have a GBX 153 ($2.51) 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 equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. SIG PLC presently has a consensus rating of “Hold” and an average price target of GBX 211.44 ($3.47).
Shares of SIG PLC (LON:SHI) opened at 212.70 on Tuesday. SIG PLC has a one year low of GBX 130.30 and a one year high of GBX 219.10. The stock’s 50-day moving average is GBX 210. and its 200-day moving average is GBX 192.8. The company’s market cap is £1.257 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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