SIG plc’s Buy Rating Reaffirmed at Panmure Gordon (SHI)
SIG plc (LON:SHI)‘s stock had its “buy” rating restated by Panmure Gordon in a research note issued on Friday. They currently have a GBX 262 ($4.41) price target on the stock. Panmure Gordon’s target price indicates a potential upside of 58.21% from the stock’s previous close.
Shares of SIG plc (LON:SHI) opened at 167.20 on Friday. SIG plc has a 52 week low of GBX 164.00 and a 52 week high of GBX 219.10. The stock has a 50-day moving average of GBX 176.3 and a 200-day moving average of GBX 193.1. The company’s market cap is £988.3 million.
A number of other analysts have also recently weighed in on SHI. Analysts at Jefferies Group reiterated a “buy” rating on shares of SIG plc in a research note on Friday. They now have a GBX 220 ($3.70) 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 ($4.21) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of SIG plc in a research note on Tuesday. They now have a GBX 245 ($4.12) price target on the stock. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. SIG plc has a consensus rating of “Buy” and a consensus price target of GBX 221.27 ($3.72).
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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