SIG plc Stock Rating Reaffirmed by Deutsche Bank (SHI)
SIG plc (LON:SHI)‘s stock had its “hold” rating reaffirmed by equities research analysts at Deutsche Bank in a research note issued to investors on Monday. They currently have a GBX 190 ($3.25) target price on the stock. Deutsche Bank’s target price would suggest a potential upside of 15.71% from the stock’s previous close.
A number of other analysts have also recently weighed in on SHI. Analysts at Panmure Gordon reiterated a “buy” rating on shares of SIG plc in a research note on Friday. They now have a GBX 262 ($4.48) price target on the stock. Separately, analysts at N+1 Singer reiterated a “buy” rating on shares of SIG plc in a research note on Friday. They now have a GBX 250 ($4.27) price target on the stock. Finally, 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. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of GBX 225 ($3.84).
SIG plc (LON:SHI) traded down 1.74% during mid-day trading on Monday, hitting GBX 164.20. The stock had a trading volume of 1,252,634 shares. SIG plc has a 1-year low of GBX 164.00 and a 1-year high of GBX 219.10. The stock’s 50-day moving average is GBX 186. and its 200-day moving average is GBX 196.9. The company’s market cap is £970.6 million.
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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