N+1 Singer Initiates Coverage on SIG PLC (SHI)
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.