SIG plc Receives Consensus Rating of “Buy” from Brokerages (LON:SHI)
SIG plc (LON:SHI) has earned an average recommendation of “Buy” from the thirteen brokerages that are currently covering the company, AmericanBankingNews.com reports. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is GBX 225 ($3.85).
SIG plc (LON:SHI) traded down 1.46% on Tuesday, hitting GBX 169.00. The stock had a trading volume of 470,944 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 189.7 and a 200-day moving average of GBX 198.5. The company’s market cap is £999.0 million.
A number of research firms have recently commented on SHI. Analysts at Deutsche Bank reiterated a “hold” rating on shares of SIG plc in a research note on Friday. They now have a GBX 190 ($3.25) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of SIG plc in a research note on Wednesday, July 9th. They now have a GBX 245 ($4.19) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of SIG plc in a research note on Wednesday, July 9th. They now have a GBX 190 ($3.25) price target on the stock.
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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