SIG plc’s Buy Rating Reaffirmed at Panmure Gordon (SHI)
SIG plc (LON:SHI)‘s stock had its “buy” rating reaffirmed by analysts at Panmure Gordon in a research report issued to clients and investors on Tuesday. They currently have a GBX 268 ($4.43) price objective on the stock. Panmure Gordon’s target price would indicate a potential upside of 44.86% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. SIG plc has an average rating of “Buy” and a consensus target price of GBX 821.45 ($13.59).
SIG plc (LON:SHI) traded up 1.30% on Tuesday, hitting GBX 187.40. The stock had a trading volume of 546,658 shares. SIG plc has a 52 week low of GBX 164.00 and a 52 week high of GBX 219.10. The stock has a 50-day moving average of GBX 172.2 and a 200-day moving average of GBX 191.3. The company’s market cap is £1.108 billion.
The company also recently announced a dividend, which is scheduled for Friday, November 7th. Stockholders 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.
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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