SIG plc Receives “Buy” Rating from Berenberg Bank (SHI)
SIG plc (LON:SHI)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research note issued on Monday. They currently have a GBX 215 ($3.59) price target on the stock. Berenberg Bank’s price objective would suggest a potential upside of 21.88% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of SIG plc in a research note on Tuesday, August 12th. Separately, analysts at Panmure Gordon reiterated a “buy” rating on shares of SIG plc in a research note on Friday, August 8th. They now have a GBX 262 ($4.38) price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of SIG plc in a research note on Friday, August 8th. They now have a GBX 220 ($3.68) price target on the stock. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of GBX 219.91 ($3.68).
SIG plc (LON:SHI) opened at 177.90 on Monday. 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 174. and its 200-day moving average is GBX 191.9. The company’s market cap is £1.052 billion.
The company also recently declared a dividend, which is scheduled for Friday, November 7th. Investors of record on Thursday, October 9th will be given a dividend of GBX 1.42 ($0.02) per share. This represents a yield of 0.84%. The ex-dividend date of this dividend is Thursday, October 9th.
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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