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Signet Jewelers (NYSE:SIG)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank in a note issued to investors on Tuesday.

Shares of Signet Jewelers (NYSE:SIG) traded up 0.72% during mid-day trading on Tuesday, hitting $106.96. 655,664 shares of the company’s stock traded hands. Signet Jewelers has a 1-year low of $65.91 and a 1-year high of $113.18. The stock has a 50-day moving average of $107.4 and a 200-day moving average of $101.3. The company has a market cap of $8.579 billion and a P/E ratio of 22.94.

Signet Jewelers (NYSE:SIG) last released its earnings data on Thursday, May 22nd. The company reported $1.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.27 by $0.02. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company posted $1.13 earnings per share. Signet Jewelers’s revenue was up 6.3% compared to the same quarter last year. On average, analysts predict that Signet Jewelers will post $5.35 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Nomura reiterated a “buy” rating on shares of Signet Jewelers in a research note on Monday, August 4th. Separately, analysts at Zacks upgraded shares of Signet Jewelers from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 23rd. They now have a $113.20 price target on the stock. Finally, analysts at Topeka Capital Markets raised their price target on shares of Signet Jewelers from $120.00 to $125.00 in a research note on Thursday, July 10th. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $117.89.

Signet Jewelers Limited (NYSE:SIG) is a specialty retail jeweler by sales in the United States and United Kingdom, and also has stores in the Republic of Ireland and Channel Islands.

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