Panmure Gordon Reiterates Buy Rating for SIG PLC (SHI)
SIG PLC (LON:SHI)‘s stock had its “buy” rating reiterated by research analysts at Panmure Gordon in a report released on Tuesday, Analyst Ratings News reports. They currently have a GBX 262 ($4.31) price target on the stock. Panmure Gordon’s target price would suggest a potential upside of 33.81% from the stock’s previous close.
SHI has been the subject of a number of other recent research reports. Analysts at N+1 Singer reiterated a “buy” rating on shares of SIG PLC in a research note to investors on Tuesday. They now have a GBX 250 ($4.11) price target on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of SIG PLC to a “neutral” rating in a research note to investors on Monday. They now have a GBX 190 ($3.12) price target on the stock, up previously from GBX 135 ($2.22). Finally, 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. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 221.40 ($3.64).
Shares of SIG PLC (LON:SHI) traded down 0.15% during mid-day trading on Tuesday, hitting GBX 195.80. 2,018,800 shares of the company’s stock traded hands. 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 207.5 and its 200-day moving average is GBX 196.6. The company’s market cap is £1.157 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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