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Investment analysts at Deutsche Bank boosted their price objective on shares of Signet Jewelers (NYSE:SIG) to $115.00 in a note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s target price would suggest a potential upside of 9.89% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at Topeka Capital Markets raised their price target on shares of Signet Jewelers from $105.00 to $120.00 in a research note on Friday, March 28th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $104.98.

Signet Jewelers (NYSE:SIG) opened at 104.65 on Friday. Signet Jewelers has a 52-week low of $64.95 and a 52-week high of $107.74. The stock’s 50-day moving average is $101.5 and its 200-day moving average is $88.07. The company has a market cap of $8.395 billion and a price-to-earnings ratio of 21.85.

Signet Jewelers (NYSE:SIG) last released its earnings data on Thursday, May 22nd. The company reported $1.29 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.13 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Analysts expect that Signet Jewelers will post $5.22 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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