SIG plc’s “Buy” Rating Reaffirmed at Citigroup Inc. (SHI)
SIG plc (LON:SHI)‘s stock had its “buy” rating restated by analysts at Citigroup Inc. in a research report issued to clients and investors on Wednesday. They currently have a GBX 245 ($4.20) price target on the stock. Citigroup Inc.’s price objective indicates a potential upside of 41.62% from the company’s current price.
A number of other analysts have also recently weighed in on SHI. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of SIG plc in a research note on Wednesday. They now have a GBX 190 ($3.26) price target on the stock. Separately, analysts at Davy Research reiterated a “neutral” rating on shares of SIG plc in a research note on Tuesday. Finally, analysts at Panmure Gordon reiterated a “buy” rating on shares of SIG plc in a research note on Tuesday. They now have a GBX 262 ($4.49) price target on the stock. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. SIG plc has a consensus rating of “Buy” and a consensus price target of GBX 225 ($3.86).
Shares of SIG plc (LON:SHI) traded down 1.14% on Wednesday, hitting GBX 173.00. 6,022,994 shares of the company’s stock traded hands. SIG plc has a 52 week low of GBX 168.10 and a 52 week high of GBX 219.10. The stock has a 50-day moving average of GBX 190.6 and a 200-day moving average of GBX 199.6. The company’s market cap is £1.023 billion.
SIG plc is engaged in the supply of specialist products to construction and related markets in the United Kingdom, Ireland and Mainland Europe.