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SIG plc (LON:SHI) was upgraded by research analysts at Numis Securities Ltd to a “buy” rating in a report released on Friday, AnalystRatingsNetwork.com reports. The firm currently has a GBX 230 ($3.87) target price on the stock. Numis Securities Ltd’s price objective indicates a potential upside of 28.49% from the company’s current price.

Several other analysts have also recently commented on the stock. 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. 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 Deutsche Bank reiterated a “hold” rating on shares of SIG plc in a research note on Monday. They now have a GBX 190 ($3.20) 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’s stock. SIG plc currently has an average rating of “Buy” and an average price target of GBX 228.70 ($3.85).

Shares of SIG plc (LON:SHI) traded down 2.57% on Friday, hitting GBX 174.40. 1,657,592 shares of the company’s stock traded hands. SIG plc has a one year low of GBX 160.50 and a one year 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.

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