Signet Jewelers Given Average Recommendation of “Buy” by Brokerages (NYSE:SIG)
Shares of Signet Jewelers (NYSE:SIG) have received an average recommendation of “Buy” from the twelve brokerages that are presently covering the company, ARN reports. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $104.98.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Signet Jewelers to $115.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of Signet Jewelers in a research note on Thursday, April 10th. They now have a $121.00 price target on the stock. Finally, analysts at Miller Tabak downgraded shares of Signet Jewelers from a “buy” rating to a “neutral” rating in a research note on Monday, March 31st.
Shares of Signet Jewelers (NYSE:SIG) opened at 104.07 on Friday. Signet Jewelers has a 52-week low of $64.95 and a 52-week high of $107.74. The stock has a 50-day moving average of $101.5 and a 200-day moving average of $88.07. The company has a market cap of $8.349 billion and a price-to-earnings ratio of 22.95.
Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Thursday, May 22nd. The company reported $1.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.27 by $0.02. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company posted $1.13 earnings per share. Signet Jewelers’s revenue was up 6.3% compared to the same quarter last year. Analysts expect that Signet Jewelers will post $5.21 EPS for the current fiscal year.
Signet Jewelers Limited (NYSE:SIG) is a specialty retail jeweler by sales in the United States and United Kingdom, and also has stores in the Republic of Ireland and Channel Islands.
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