SIG Price Target Cut to GBX 5,100 by Analysts at Deutsche Bank (SIG)
Analysts at Deutsche Bank dropped their target price on shares of SIG (LON:SIG) from GBX 5,300 ($87.34) to GBX 5,100 ($84.05) in a research report issued to clients and investors on Monday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s target price would indicate a potential upside of 11.94% from the stock’s previous close.
Shares of SIG (LON:SIG) opened at 4556.00 on Monday. SIG has a 52-week low of GBX 3719.25 and a 52-week high of GBX 4985.00. The stock’s 50-day moving average is GBX 4657.58 and its 200-day moving average is GBX 4622.04. The company’s market cap is £3.655 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of SIG in a research note to investors on Thursday, December 12th. They now have a GBX 193 ($3.18) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of SIG in a research note to investors on Monday, December 2nd. They now have a GBX 230 ($3.79) price target on the stock. Finally, analysts at UBS AG reiterated a “buy” rating on shares of SIG in a research note to investors on Wednesday, November 27th. They now have a GBX 5,000 ($82.40) price target on the stock. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 1,415.40 ($23.33).
Signet Jewelers Limited (LON: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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