SIG plc Given “Hold” Rating at Deutsche Bank (SHI)
SIG plc (LON:SHI)‘s stock had its “hold” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Friday. They currently have a GBX 190 ($3.26) target price on the stock. Deutsche Bank’s price target suggests a potential upside of 11.83% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of SIG plc in a research note on Wednesday. They now have a GBX 245 ($4.20) price target on the stock. Separately, 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. Finally, analysts at Davy Research reiterated a “neutral” rating on shares of SIG plc in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. 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 1.16% during mid-day trading on Friday, hitting GBX 169.90. 1,654,781 shares of the company’s stock traded hands. 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 189.9 and a 200-day moving average of GBX 199.0. The company’s market cap is £1.004 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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