Signet Jewelers Given Consensus Rating of “Buy” by Analysts (NYSE:SIG)
Shares of Signet Jewelers (NYSE:SIG) have received an average recommendation of “Buy” from the thirteen analysts that are covering the stock, Analyst Ratings Network.com reports. Three investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $117.89.
Signet Jewelers (NYSE:SIG) opened at 106.98 on Wednesday. Signet Jewelers has a one year low of $65.91 and a one year high of $113.18. The stock has a 50-day moving average of $106.8 and a 200-day moving average of $101.9. The company has a market cap of $8.580 billion and a P/E ratio of 22.83.
A number of analysts have recently weighed in on SIG shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Signet Jewelers in a research note on Tuesday, August 19th. 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 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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