Panmure Gordon Reiterates “Buy” Rating for SIG plc (SHI)
SIG plc (LON:SHI)‘s stock had its “buy” rating restated by stock analysts at Panmure Gordon in a report issued on Friday, American Banking & Market News reports. They currently have a GBX 262 ($4.41) target price on the stock. Panmure Gordon’s price objective indicates a potential upside of 46.37% from the stock’s previous close.
SHI has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd upgraded shares of SIG plc to a “buy” rating in a research note on Friday. They now have a GBX 230 ($3.87) price target on the stock. Separately, analysts at N 1 Singer reiterated a “buy” rating on shares of SIG plc in a research note on Friday. They now have a GBX 250 ($4.21) price target on the stock. Finally, analysts at N+1 Singer reiterated a “buy” rating on shares of SIG plc in a research note on Friday. They now have a GBX 250 ($4.21) price target on the stock. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of GBX 228.70 ($3.85).
Shares of SIG plc (LON:SHI) traded down 2.57% on Friday, hitting GBX 174.40. The stock had a trading volume of 1,657,592 shares. SIG plc has a 52-week low of GBX 160.50 and a 52-week high of GBX 219.10. The stock’s 50-day moving average is GBX 198.2 and its 200-day moving average is GBX 204.4. The company’s market cap is £1.031 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.