Deutsche Bank Reiterates Hold Rating for SIG plc (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 Friday. They currently have a GBX 189 ($3.21) price objective on the stock. Deutsche Bank’s target price suggests a potential upside of 13.65% from the company’s current price.
SHI has been the subject of a number of other recent research reports. Analysts at Goodbody Stockbrokers Ltd reiterated a “buy” rating on shares of SIG plc in a research note on Wednesday, July 23rd. They now have a GBX 240 ($4.08) price target on the stock. Separately, analysts at Panmure Gordon reiterated a “buy” rating on shares of SIG plc in a research note on Friday, July 18th. They now have a GBX 262 ($4.45) price target on the stock. Finally, analysts at N+1 Singer reiterated a “buy” rating on shares of SIG plc in a research note on Friday, July 18th. They now have a GBX 250 ($4.25) price target on the stock. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of GBX 221.27 ($3.76).
SIG plc (LON:SHI) traded down 0.66% during mid-day trading on Friday, hitting GBX 166.30. 1,657,525 shares of the company’s stock traded hands. SIG plc has a 52-week low of GBX 164.00 and a 52-week high of GBX 219.34. The stock has a 50-day moving average of GBX 178.9 and a 200-day moving average of GBX 194.5. The company’s market cap is £983.0 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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