SIG plc Given “Hold” Rating at Deutsche Bank (SHI)
SIG plc (LON:SHI)‘s stock had its “hold” rating restated by analysts at Deutsche Bank in a research report issued to clients and investors on Tuesday. They currently have a GBX 6,800 ($113.67) target price on the stock.
SIG plc (LON:SHI) traded up 0.60% during mid-day trading on Tuesday, hitting GBX 185.00. 504,834 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 219.10. The stock’s 50-day moving average is GBX 173.1 and its 200-day moving average is GBX 191.4. The company’s market cap is £1.094 billion.
The company also recently declared a dividend, which is scheduled for Friday, November 7th. Shareholders 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Berenberg Bank cut their price target on shares of SIG plc from GBX 230 ($3.84) to GBX 215 ($3.59) in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of SIG plc in a research note on Tuesday, August 12th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 820.91 ($13.72).
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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