SIG plc Receives Consensus Rating of “Buy” from Analysts (LON:SHI)
SIG plc (LON:SHI) has been given an average rating of “Buy” by the thirteen ratings firms that are covering the stock, Analyst RN reports. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 821.45 ($13.59).
Shares of SIG plc (LON:SHI) opened at 186.50 on Monday. SIG plc has a 1-year low of GBX 164.00 and a 1-year high of GBX 219.10. The stock’s 50-day moving average is GBX 172.9 and its 200-day moving average is GBX 191.1. The company’s market cap is £1.102 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.
Several analysts have recently commented on the stock. Analysts at Panmure Gordon reiterated a “buy” rating on shares of SIG plc in a research note on Tuesday. They now have a GBX 268 ($4.43) price target on the stock. Separately, 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. Finally, 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.
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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