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Stock analysts at N+1 Singer began coverage on shares of SIG PLC (LON:SHI) in a report issued on Tuesday, American Banking and Market News reports. The firm set a “buy” rating and a GBX 250 ($4.10) price target on the stock. N+1 Singer’s target price points to a potential upside of 20.19% from the stock’s previous close.

A number of other firms have also recently commented on SHI. Analysts at Deutsche Bank reiterated a “hold” rating on shares of SIG PLC in a research note to investors on Monday. They now have a GBX 182 ($2.99) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of SIG PLC in a research note to investors on Wednesday, January 15th. They now have a GBX 230 ($3.78) price target on the stock. Finally, analysts at Goodbody Stockbrokers Ltd reiterated a “buy” rating on shares of SIG PLC in a research note to investors on Monday, January 13th. They now have a GBX 280 ($4.60) price target on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. SIG PLC currently has a consensus rating of “Hold” and a consensus target price of GBX 223.82 ($3.67).

Shares of SIG PLC (LON:SHI) traded down 1.01% during mid-day trading on Tuesday, hitting GBX 205.90. 395,555 shares of the company’s stock traded hands. SIG PLC has a one year low of GBX 130.30 and a one year high of GBX 219.10. The stock has a 50-day moving average of GBX 209.9 and a 200-day moving average of GBX 194.. The company’s market cap is £1.217 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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