SIG plc Stock Rating Reaffirmed by N+1 Singer (SHI)
SIG plc (LON:SHI)‘s stock had its “buy” rating restated by stock analysts at N+1 Singer in a report issued on Friday. They currently have a GBX 250 ($4.21) price objective on the stock. N+1 Singer’s target price suggests a potential upside of 48.46% from the company’s current price.
SIG plc (LON:SHI) traded up 0.36% on Friday, hitting GBX 168.40. 658,751 shares of the company’s stock traded hands. SIG plc has a one year low of GBX 164.00 and a one year high of GBX 219.34. The stock has a 50-day moving average of GBX 175.8 and a 200-day moving average of GBX 192.. The company’s market cap is £995.4 million.
A number of other firms have also recently commented on SHI. 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. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of SIG plc in a research note on Friday, August 1st. They now have a GBX 189 ($3.18) price target on the stock. Finally, 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 ($4.04) price target on the stock. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average 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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