Signet Jewelers Receives Average Rating of “Buy” from Analysts (NYSE:SIG)
Signet Jewelers (NYSE:SIG) has been given an average recommendation of “Buy” by the thirteen analysts that are currently covering the stock, AnalystRatingsNetwork reports. Three research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $117.89.
SIG has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Signet Jewelers in a research note on Tuesday. Separately, analysts at Nomura reiterated a “buy” rating on shares of Signet Jewelers in a research note on Monday, August 4th. Finally, 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.
Signet Jewelers (NYSE:SIG) opened at 106.99 on Wednesday. Signet Jewelers has a 52-week low of $65.91 and a 52-week high of $113.18. The stock has a 50-day moving average of $107.2 and a 200-day moving average of $101.6. The company has a market cap of $8.581 billion and a P/E ratio of 23.11.
Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Thursday, May 22nd. The company reported $1.29 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.13 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, analysts predict that Signet Jewelers will post $5.31 earnings per share for the current fiscal year.
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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