SIG plc Given “Hold” Rating at Deutsche Bank (SHI)
SIG plc (LON:SHI)‘s stock had its “hold” rating reiterated by investment analysts at Deutsche Bank in a note issued to investors on Monday, Analyst Ratings News reports. They currently have a GBX 190 ($3.20) price objective on the stock. Deutsche Bank’s price target suggests a potential upside of 9.51% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs reiterated a “neutral” rating on shares of SIG plc in a research note on Monday, April 14th. They now have a GBX 220 ($3.71) price target on the stock. Separately, analysts at Panmure Gordon reiterated a “buy” rating on shares of SIG plc in a research note on Friday, April 4th. They now have a GBX 262 ($4.41) price target on the stock. Finally, analysts at Berenberg Bank reiterated a “buy” rating on shares of SIG plc in a research note on Friday, March 14th. They now have a GBX 230 ($3.87) price target on the stock. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 228.70 ($3.85).
Shares of SIG plc (LON:SHI) traded down 3.07% on Monday, hitting GBX 173.50. 7,138,938 shares of the company’s stock traded hands. SIG plc has a 52 week low of GBX 160.50 and a 52 week high of GBX 219.10. The stock has a 50-day moving average of GBX 197.5 and a 200-day moving average of GBX 204.2. The company’s market cap is £1.026 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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