SIG plc Receives Consensus Recommendation of “Buy” from Analysts (LON:SHI)
Shares of SIG plc (LON:SHI) have received an average rating of “Buy” from the thirteen brokerages that are currently covering the company, Analyst Ratings News reports. Five equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 820.91 ($13.58).
Shares of SIG plc (LON:SHI) opened at 185.00 on Monday. SIG plc has a one year low of GBX 164.00 and a one year high of GBX 219.34. 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 announced a dividend, which is scheduled for Friday, November 7th. Investors of record on Thursday, October 9th will be paid a dividend of GBX 1.42 ($0.02) per share. This represents a dividend yield of 0.84%. The ex-dividend date is Thursday, October 9th.
A number of analysts have recently weighed in on SHI shares. Analysts at Deutsche Bank reiterated a “hold” rating on shares of SIG plc in a research note on Tuesday, August 19th. They now have a GBX 6,800 ($112.53) price target on the stock. Separately, analysts at Berenberg Bank cut their price target on shares of SIG plc from GBX 230 ($3.81) to GBX 215 ($3.56) in a research note on Monday, August 18th. They now have a “buy” rating on the stock. Finally, analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of SIG plc in a research note on Tuesday, August 12th.
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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