SIG PLC Upgraded by JPMorgan Chase & Co. to Neutral (SHI)
SIG PLC (LON:SHI) was upgraded by research analysts at JPMorgan Chase & Co. to a “neutral” rating in a report released on Monday, Stock Ratings Network reports. The firm currently has a GBX 190 ($3.12) target price on the stock, up from their previous target price of GBX 135 ($2.22). JPMorgan Chase & Co.’s target price would indicate a potential downside of 3.11% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of SIG PLC in a research note to investors on Friday. They now have a GBX 182 ($2.99) price target on the stock. Separately, analysts at Liberum Capital reiterated a “hold” rating on shares of SIG PLC in a research note to investors on Tuesday, January 28th. Finally, analysts at N+1 Singer initiated coverage on shares of SIG PLC in a research note to investors on Tuesday, January 21st. They set a “buy” rating and a GBX 250 ($4.11) price target on the stock. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 226.73 ($3.73).
Shares of SIG PLC (LON:SHI) traded down 0.05% on Monday, hitting GBX 196.10. The stock had a trading volume of 1,965,729 shares. SIG PLC has a 52 week low of GBX 130.30 and a 52 week high of GBX 219.10. The stock’s 50-day moving average is GBX 207.7 and its 200-day moving average is GBX 196.2. The company’s market cap is £1.159 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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