JPMorgan Chase & Co. Reiterates “Neutral” Rating for SIG plc (SHI)
SIG plc (LON:SHI)‘s stock had its “neutral” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday. They currently have a GBX 190 ($3.26) price target on the stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 10.53% from the stock’s previous close.
Shares of SIG plc (LON:SHI) traded down 0.64% during mid-day trading on Wednesday, hitting GBX 171.90. The stock had a trading volume of 3,353,578 shares. SIG plc has a 52 week low of GBX 168.80 and a 52 week high of GBX 219.10. The stock has a 50-day moving average of GBX 190.3 and a 200-day moving average of GBX 199.2. The company’s market cap is £1.016 billion.
SHI has been the subject of a number of other recent research reports. Analysts at Davy Research reiterated a “neutral” rating on shares of SIG plc in a research note on Tuesday. Separately, 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. Finally, analysts at Goodbody Stockbrokers Ltd reiterated a “buy” rating on shares of SIG plc in a research note on Tuesday. They now have a GBX 280 ($4.80) price target on the stock. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. SIG plc currently has an average rating of “Buy” and an average target price of GBX 225 ($3.86).
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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